Task: In your own words, based on experience in business, add your explanation.
A) Are microeconomic conditions influenced a lot or a little by the macroeconomic conditions? And visa versa?
B) Do you think that managers manage differently if they are at a for-profit verses and not-for-profit company?
C) Some times economic theories do not seem applicable to the real world or a real situation. Does that mean that the theories is no longer valid? What are your thoughts?