GK
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: -Business Economics, also called Managerial Economics, is the application of economic theory and methodology to business.
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: -Business Economics is a Science Further, Mathematics, Statistics, and Econometrics are decision sciences. Business Economics integrates these decision sciences with Economic Theory to arrive at strategies to help businesses achieve their goals.
Detailed explanation-5: -The term “economics” was popularized by such neoclassical economists as Alfred Marshall and Mary Paley Marshall as a concise synonym for “economic science” and a substitute for the earlier “political economy".