Question

Discuss how "Managerial Economics helps business students become architects of business tactics and strategy instead of middle managers who plod along the beaten path of others".

respond with at least a paragraph.... thank you

Answer 1

In manageme is the dee V7 part management the most important the decison making part, because ma agens need to take decisons at the right time management & decison bo are inseparable e. management management also pros process includes planning, staffing, organizing & controlling. It is a process where anagers after taking into consideration certain factors come to the final decison. In order to take important decisons a manager needs to have a clear idea about the managepient concept like managenau economics, manager al econo- mies is very much important for a manager to understand. It mainly deals with the development of economic theory of the firm & help the managers to take decison smoothly with regards to sales of profits. It also enables to take decisons about production as well as inventory policies for fun