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Nature and scope of environmental economics?
Nature of Business Economics :Traditional economic theory has developed along two lines; viz., normative and positive. Normative focuses on prescriptive statements, and help establish rules aimed at attaining the specified goals of business. Positive, on the other hand, focuses on description it aims at describing the manner in which the economic system operates without staffing how they should operate.The emphasis in business economics is on normative theory. Business economic seeks to establish rules which help business firms attain their goals, which indeed is also the essence of the word normative. However, if the firms are to establish valid decision rules, they must thoroughly understand their environment. This requires the study of positive or descriptive theory. Thus, Business economics combines the essentials of the normative and positive economic theory, the emphasis being more on the former than the latter.Scope of Business Economics :As regards the scope of business economics, no uniformity of views exists among various authors. However, the following aspects are said to generally fall under business economics.1. Demand Analysis and Forecasting2. Cost and production Analysis.3. Pricing Decisions, policies and practices.4. Profit Management.5. Capital Management.
What is the National Business Education Association?
The National Business Education Association (NBEA) is an organization whose efforts are focused on all major aspects of business instruction, administration, and research.
Descriding What was Kennedy's goal for the US in the space race?
To promote research and development leading to technological superiority to make possible the defense of the U.S. against possible future attack by unfriendly nations.
What was the early computer that handled business data?
The british food company Lyons made a business computer called LEO.Remington Rand made a business computer called UNIVAC.IBM made their first business computer called the 702.All of these happen within a few years of each other, do some research on your own now.
What is the origin of the surname Howe?
I am not totally certain, but from my research it stands for "From the hill". There are many variations such as Howen and How. The "Howes" seem to have come from valleys or hills. There is also a possible Celtic origin.
What is the definition of managerial value of business research?
Marginal value of business research
Why is the define research objectives stage of the research process probably the most important?
ukinam antonete
How can scholarly research be used to support managerial writing?
decision and integrity
Critically assess the role of managerial economics as a cross functional managerial decision tool?
do your own research dude! sickeez!
Definition of managerial economics?
Managerial economics (also called business economics), is a branch of economics that applies microeconomic analysis to specific business decisions. As such, it bridges economic theory and economics in practice. It draws heavily from quantitative techniques such as regression analysis and correlation, Lagrangian calculus (linear). If there is a unifying theme that runs through most of managerial economics it is the attempt to optimize business decisions given the firm's objectives and given constraints imposed by scarcity, for example through the use of operations research and programming.(the things mentioned above are ___________)
Scope of managerial research in research methodology?
Managerial economics may be viewed as economics applied to problem solving at the levels of the firm. The problem relates to choices and allocation of resources, which are basically economic in nature and are faced by managers all the time. Managerial research is also known as operations research. It was undertaken for the first time in Second World War in America. It is also interdisciplinary research done by mathematicians, tacticians, Engineers and other Scientists. The operation researchers developed concepts of linear programming, inventory models and game theory. They attempted to attain optimization. The framework of optimization has been used a great deal in managerial economics. The operation research has influenced managerial economics through its new concepts and models for dealing risk and uncertainly. Managerial economics it primarily an aid to analyse and decision making in the context of the firm. But in the management more than decision making, the implementation, control and conflict resolutions are also covered. Managerial research is concerned with decision making at the managerial level it considers the alternative theories of firm behaviour, decision making problems and different approaches to arrive at the most appropriate answers to such problems. It draws heavily from Microeconomics, Econometrics and operation research. The decision making area is related to the production decisions, the exchange decisions and consumption decisions. The case study method is useful in managerial research. It helps us to look for and organised the data and evidence relevant to the problem at hand. A manager does not get all data he needs well organised and presented to him on a platter. The cases may bring out the complexity of the environment in which managers have to take decisions.
What are the managerial dimension of each characteristics of research?
characteristics of a good research and discuss the managerial dimensions of each characteristic.
What are the roles of operational research and business decision making?
Operational research allows business leaders to have more technical knowledge. With more research about operations, managers can choose the best alternatives presented to them. The key thing in this equation is that good operational research helps better business decisions. Often times the business decision often opted for is to spend more money on research.
What has the author Duane Davis written?
Duane Davis has written: 'Business research for decision making' -- subject(s): Industrial management, Research, Decision making
What are the steps involved in business research decision making process?
Managers research their options by research alternatives for their solutions. Once they have identified a number of alternatives, they choose the best one for their business.
Which was not found in most descriptive research on managerial activities?
no
The importance of research in business administration?
Research helps a manager identify problems, discover opportunities, and asses issues. These steps are all vital prior to a decision on the course of action is made.
