BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ECONOMICS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____ Defined Business Economics in reference with preparation of policies?

A	J.B Say
B	Alfred Marshall
C	Walker
D	Joel Dean

Explanation:

Detailed explanation-1: -According to Spencer and Siegelman, Business economics is “the integration of economic theory with business practice for the purpose of facilitating decision-making and forward planning by management".

Detailed explanation-2: -Joel Dean observed that managerial Economics. shows how economic analysis can be used in formulating policies. Managerial economics bridges the gap between traditional economic theory and real business practices in two ways.

Detailed explanation-3: -Siegel man has defined managerial economic (or business economic) as. “the integration of economic theory with business practice for the purpose of. facilitating decision-making and forward planning by management.”

Detailed explanation-4: -Business economics is a field of applied economics that studies the financial, organizational, market-related, and environmental issues faced by corporations. Business economics encompasses subjects such as the concept of scarcity, product factors, distribution, and consumption.

There is 1 question to complete.