Following are examples of typical economic decisions made


Following are examples of typical economic decisions made by the managers of a firm. Determine whether each is an example of what, how, or for whom.

Should the company make its own spare parts or buy them from an outside vendor?

Should the company continue to service the equipment that it sells or ask customers to use independent repair companies?

Should a company expand its business to international markets or concentrate on the domestic market?

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Business Economics: Following are examples of typical economic decisions made
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