Illustrate what extent should managers base their plans

Reference no: EM1336985

Demand and supply diagram.

The French government has recently raised the retirement age, a decision which is opposed by a large fraction of the French public, especially French students. Use the supply and demand curve to provide an explanation for the opposition of students based on self-interest.

(b) To what extent should managers base their plans on the assumption that customers and suppliers are self-interested? Does it matter? Give examples.

Reference no: EM1336985

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