Question

The managerial economist has to forecast the various components of the external business
A. supplier
B. strategy
D. environment
E. planning​

Answer 1

Answer:

planning will be the right answer (option e)

Answer 2

Answer:

D. environment

Explanation:

• A managerial economist in order to forecast the components of the external environment has to look at various micro and macro factors. Like the supply of inputs, customers, marketing intermediates, competitors, workers and public in general.

• For example, a firm for the production of T.V does not come from any other brand, but also from the manufacturer of air conditioners and refrigerators, etc.
• Thus the macro environment on the basis of technological, social, political and demographic factors plays a crucial role in determining the forecasts of external business.

• Other factors being the expansion of industry and agglomeration of economy and growth of cities.