Andere Kunden interessierten sich auch für
![Classical versus Neoclassical Monetary Theories]( "Classical versus Neoclassical Monetary Theories")
Classical versus Neoclassical Monetary Theories77,99 €![Classical versus Neoclassical Monetary Theories]( "Classical versus Neoclassical Monetary Theories")
Classical versus Neoclassical Monetary Theories77,99 €![Law of Value and Theories of Value: Symmetrical Critique of Classical and Neoclassical Political Economy]( "Law of Value and Theories of Value: Symmetrical Critique of Classical and Neoclassical Political Economy")
Law of Value and Theories of Value: Symmetrical Critique of Classical and Neoclassical Political Economy189,99 €![Managerial Economics: Theories and Analysis]( "Managerial Economics: Theories and Analysis")
Managerial Economics: Theories and Analysis144,99 €![Resource-Based and Evolutionary Theories of the Firm]( "Resource-Based and Evolutionary Theories of the Firm")
Resource-Based and Evolutionary Theories of the Firm154,99 €![The Effectiveness of the Leniency Programme in the Deterrance of Cartels in the EU and Spain]( "The Effectiveness of the Leniency Programme in the Deterrance of Cartels in the EU and Spain")
The Effectiveness of the Leniency Programme in the Deterrance of Cartels in the EU and Spain18,95 €![Channel Design for the European Trade with Beverages - A Case Study about Beer-Mixtures]( "Channel Design for the European Trade with Beverages - A Case Study about Beer-Mixtures")
Channel Design for the European Trade with Beverages - A Case Study about Beer-Mixtures47,95 €
Seminar paper from the year 2004 in the subject Economics - Macro-economics, general, grade: 1,6, University of Wales, Newport,, course: Course Title: Decision Making (B.Sc. Business Undergraduate Programme), language: English, abstract: For a long time, economists have seen the firm as a black box, arguing that firms maximise profits. Without following this ultimate goal, economists say that organisations would not survive in competitive markets (Makamason, 2004). In order not to be replaced, managers would have to comply with the objective of profit (value) maximisation. Hart (1989) says that this "neoclassical" view of the firm has been challenged considerably over the last three decades due to theoretical developments and increasing empirical evidence that managers may not pursue shareholder interests.The key assumptions of the traditional theory of the firm are maximisation of profit and decision making under conditions of perfect knowledge (Nellis and Parker, 2002). By ignoring many other involved complexities, this neoclassical approach has the ability to predict corporate behaviour in perfectly competitive and monopoly market structures. The maximisation assumption portrays the firm as a "single market, single product asset of the owner who adapts a production plan in response to changing market conditions" (Makamason, 2004). Its prolonged survival is due to the useful analysis of how a firm's production choices respond to exogenous change in the environment. Such an example being an increase in wages or a sales tax (Loasby, 1989).