managerial economics

listen to the pronunciation of managerial economics
الإنجليزية - التركية
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الإنجليزية - الإنجليزية
Managerial economics (also called business economics), is a branch of economics that applies microeconomic analysis to specific business decisions
Application of economic principles to decision making in business firms or other management units. The basic concepts are drawn from microeconomic theory, but new tools of analysis have been added. Statistical methods, for example, are increasingly important in estimating current and future demand for products. The methods of operations research and programming provide scientific criteria for maximizing profit, minimizing cost, and selecting the most profitable combination of products. Decision-making theory and game theory, which recognize the conditions of uncertainty and imperfect knowledge under which business managers operate, have contributed to systematic methods of assessing investment opportunities
managerial economics

    الواصلة

    man·a·ge·ri·al e·co·nom·ics

    التركية النطق

    mänîcîriıl ikınämîks

    النطق

    /ˌmanəˈʤərēəl ˌēkəˈnäməks/ /ˌmænɪˈʤɪriːəl ˌiːkəˈnɑːmɪks/
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