techniques of economic analysis to study and solve the
a)business problem
b)business conflict
c) organization problem
d) individual problem
Answers
Answer:
The economic tools of analysis are tables, graphs, charts, mean , mode, medians, etc.
Explanation:
To solve a business problem, are the techniques called as decision sciences. This is so that some techniques are especially used to come to a conclusion, to make a specific decision. These are optimisation techniques. Example: Differential calculus and mathematical programming.
To solve a business conflict there must be six steps to be gfollowed, Identification of the Conflict Domain , Generation of Conflict Cases , Exercise of Judgement , Analysis of the Results , Communication of the Judgement Differences (Cognitive Feedback) and the Negotiation Among Conflicting Parties. May be done through analysis of pros and cons list.
In an organizational conflict action planning is done to solve an issue like identifying cause, setting goal, developing an action plan using economic analysis of setting day goals and studying per goal outcomes.
Etc.
Answer:
The techniques of economic analysis to study and solve all of the below problems. Because as we all know, business and economics is greatly related.
All that economics does is to solve the problems mostly related to an individual or a business organization. Hence the economic survey and analysis have proved that it solves problems of a business using graphs, charts, mean and mode, etc.
Explanation: