Managerial Economics generally refers to the integration of economic
theory with business :
(a) Ethics (b) Management (c) Practice (d) All of these
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Managerial Economics generally refers to the integration of economic
theory with business (c) Practice.
Explanation:
- The combination of economic theory and business practice is referred to as managerial economics.
- Economic instruments are available. These tools are used in company management by managerial economics.
- Simply said, managerial economics is the application of economic theory to management problems.
- Managerial economics is a discipline of management studies that focuses on solving business problems and making choices by applying microeconomic and macroeconomic theories and ideas.
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