Explain the decision making areas of the decision making
Explain the decision making areas of the decision making.
Expert
Given are the important areas of decision making as follows:
Selection of suitable product mix, Replacement decision, Selection of product, Selection of ways of production, shut down the decision, Location decision and Optimum input combination, Allocation of resources. And make or buy decision, Decision upon promotional strategy, Product line decision, Determination of quantity and price, Decision on import and export and Capital budgeting.
Illustrates the factors governing prices and pricing decision in briefly?
Average female wages are historically beneath the average for male workers due to: (w) concentration in low income occupations. (x) placement in low status job positions. (y) lower admission in professional schools and skilled trades.
Production takes place while: (w) resources are transformed within inputs. (x) goods are transformed in raw materials. (y) inputs are transformed to create them more valuable. (z) capital depreciates. Please choose
CD sales have fallen from 2000, although sales of DVDs have increased, suggesting such that: (w) supply of prerecorded music should have fallen. (x) law of demand does not apply to the music market. (y) demands of many consumers adjusted to new technology. (z) music i
Illustrates the term Advertisement Elasticity of Demand?
Explain the meaning of Elasticity?
Define the term full cost concept.
A firm’s demand for labor tends to be additional wage-elastic while: (1) the price elasticity of demand for output is greater. (2) substituting capital for labor is harder. (3) unskilled workers join unions. (4) labor costs are
What are the advantages and disadvantage of naive method?
This is not true that the law of diminishing returns which it: (i) Consists applications in numerous areas outside economics. (ii) Is encountered in many ways in economics. (iii) Implies that continually increasing production ultimately entails increa
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