Managerial Economics and Business Strategy
Gebundenes Buch

Managerial Economics and Business Strategy

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Managerial economics refers to a subfield of economics that deals with the use of economic methods in managerial decision-making process. It examines the internal and external factors that influence an organization. Managerial economics seeks to solve issues by using micro and macroeconomic tools. It plays an important role in assisting the businesses in identifying their strengths and weaknesses. Managerial economics assists businesses in determining where they excel and where they fall short. A business strategy is a plan that assists a business in achieving its objectives. It comprises stra...