Discuss the many costs that businesses face today


Discussion:

Benefits of Simulation

Discuss the many costs that businesses face today. Is it always practical to test new ideas via a 'real life' study - with participants, facilities, etc? If not, how can a simulation be utilized to test ideas while keeping costs manageable?

If a simulation is used, what steps are needed in order to have a successful model?

Solution Preview :

Prepared by a verified Expert
Microeconomics: Discuss the many costs that businesses face today
Reference No:- TGS01815521

Now Priced at $20 (50% Discount)

Recommended (99%)

Rated (4.3/5)