Using Managerial Economics to Make Sound Business Decisions
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Gain a better understanding of what managerial economics is and how it can be used to make strategic business decisions.Managerial Economics may sound boring to some and complex to others. But no area of study can have a more direct impact on your bottom line and growth than using this tool correctly. This topic will go over the why - and the how - of using managerial economics in your business operations to accomplish your goals faster and more successfully. Topics will include a review of what managerial economics is, why it is need and ways you can start using it. We'll also over the limitations of this study and areas of caution. The material will also cover how to start using these tools and the anticipated future of this practice.
AuthorsR. Shawn McBride, Attorney, R. Shawn McBride Law Firm, PLLC
What Is Managerial Economics?
• How It Developed
• Why It's Become Important
What Does It Do?
Applied Examples of Use
• Possible Use Areas
• Reasons to Use
When Not to Use/Areas of Caution
How to Start Using This Tool