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Managers, in their day-to-day activities, are always confronted with several issues such as how much quantity is to be supplied; at what price; should the product be made internally; or whether it should be bought from outside; how much quantity is to be produced to make a given amount of profit and so on. Managerial economics provides us a basic insight into seeking solutions for managerial problems. Economics, as the name itself implies, is an offshoot of two distinct disciplines: Economics and Management. In other words, it is necessary to understand what these disciplines are, at least in…mehr

Produktbeschreibung
Managers, in their day-to-day activities, are always confronted with several issues such as how much quantity is to be supplied; at what price; should the product be made internally; or whether it should be bought from outside; how much quantity is to be produced to make a given amount of profit and so on. Managerial economics provides us a basic insight into seeking solutions for managerial problems. Economics, as the name itself implies, is an offshoot of two distinct disciplines: Economics and Management. In other words, it is necessary to understand what these disciplines are, at least in brief, to understand the nature and scope of managerial economics.
Autorenporträt
Dr.T.Venkatesan, Associate Professor in the Department of Management Studies, Knowledge Institute of Technology (KIOT), Salem, Tamilnadu. Sheik Kuthija is an assistant professor at the MBA Sanskrithi School of Business, Puttaparthi.Dr.K.THIRUMALVALAVAN ,ASSISTANT PROFESSOR DEPT.OF.MANAGEMENTHINDUSTAN COLLEGE OF ARTS & SCIENCEPADUR, CHENNAI.