Signifinance of business economics
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The significance of business economics can be discussed as under : 1. Business economic is concerned with those aspects of traditional economics which are relevant for business decision making in real life. ... Business economics helps in reaching a variety of business decisions in a complicated environment.
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Business economics helps managers in framing various policies, such as pricing policies and cost policies, on the basis of economic study and findings. By studying various economic variables, such as cost production and business capital, organisations can predict the future.
Hope it helps you
Business economics helps managers in framing various policies, such as pricing policies and cost policies, on the basis of economic study and findings. By studying various economic variables, such as cost production and business capital, organisations can predict the future.
Hope it helps you
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