Explain the aspects of operational or internal issues
Explain the aspects of operational or internal issues.
Expert
The following aspects may consider being fall under internal issues.
1. Forecasting and Demand analysis: The demands for the firm’s product would vary in response to change into price, income of consumer and his taste that are the determinants of demand. A determinants study of the demand is essential for forecasting future demand of the product.
2. Cost analysis: Evaluation of cost is an essential part of managerial problems. All the factors causing variation of cost should be found out and allowed for this management to arrive at cost estimates. It will helps for more effectual planning and sound pricing practices.
3. Pricing Decisions: The firms intend to profit that depends upon the correctness of pricing decisions. The pricing is a significant area of managerial economics. Theories about price fixation help the firm to handle the price fixation problems.
4. Profit Analysis: All business firms working for profit and this is a significant measure of success. If firms working under conditions of uncertainty. Profit planning become essential under the conditions of uncertainty.
5. Capital budgeting: The business managers should take very significant decisions relating to the firm’s capital investment. The manager has to compute correctly the profitability of investment and to properly assign the capital. Success of the firm depends on the appropriate analysis of capital project and selecting the best one.
6. Supply and Production analysis: Analysis of production is narrower in scope than cost analysis. Production analysis is proceeds within physical terms whereas cost analysis proceeds into monitory term. Significant aspects of supply analysis are: curves and functions, supply schedule and law of supply, factors influencing supply and elasticity of supply …
When this purely competitive labor market is primarily in equilibrium at D0L, S0L and after that excessive job safety standards are imposed through law, a new equilibrium will be attained at: (1) D0L, S0L. (
Workers who keep their jobs will be more productive after firms adjust to raises in: (1) competition in an industry. (2) wages. (3) technological advances. (4) capital costs. (5) government regulation. Hey friends please give your
The Black Plague which killed millions of medieval Europeans probably mainly directly and instantly resulted in: (1) Greater trust on the mercantilist economic theory. (2) Higher standards of living for survivors. (3) More positive attitudes of early Christian theolog
demand has three essentials-damand+purchasing power+.???
Refer to below figure. What is the amount of profit when the firm generates Q2units: w) this is equal to the vertical distance c to g. x) this is equal to the vertical distance c to Q2. y) this is equal to the vertical distance g to Q2
Illustrates the Objectives of managerial economics?
Firms adjust their inputs of labor or other resources till: (w) revenue is maximized. (x) employment is maximized. (y) marginal product of labor is maximized. (z) profit is maximized. Please choose the right answer
Along two supply curves which are straight lines by the origin, the price elasticity of supply as: (w) is below 1 for all prices and quantities upon both curves. (x) is less for a given quantity beside the steeper curve. (y) equals on
States the term fixed cost in briefly.
Explain the modern definition of economics?
18,76,764
1940719 Asked
3,689
Active Tutors
1418232
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!