BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Managerial Economics
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Economics for Executives
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Economic analysis for business decisions
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all the above
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Detailed explanation-1: -As redressing the Management is also a part of decision making, Business economics is also called Managerial Economics.
Detailed explanation-2: -The term ‘business economics’ is used in a variety of ways. Sometimes it is used as synonymously with industrial economics/industrial organisation, managerial economics, and economics for business.
Detailed explanation-3: -2. Business Economics is also known as Managerial Economics.
Detailed explanation-4: -Economics is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society.
Detailed explanation-5: -There are 4 main types of business organization: sole proprietorship, partnership, corporation, and Limited Liability Company, or LLC. Below, we give an explanation of each of these and how they are used in the scope of business law.