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Describe the Managerial functions
A manager has to take numerous decisions that conform to the objectives of the firm. Several business decisions fall prey to conditions of risk and uncertainty. Risk and uncertainty arise chiefly because of volatile market forces, changing business environment, government policy, emerging competitors with highly competitive products,external influences on domestic market and political and social changes in the country. The intricacy of modern business world weaves complexity in to decision making process of a business. Though the degree of risk and uncertainty can be greatly condensed if market conditions are computed with a high degree of reliability. Envisaging a business environment in the future doesn't suffice. Appropriate business decisions and formulation of a business strategy in conformity with the objectives of the firm hold similar significance.
Explain trend projection method of demand forecasting with illustration.
Write a detailed note on the planning and development of Management Information Systems
A medical insurance company offers its salespeople the following compensation scheme: each worker takes a fixed salary and, in addition to that, a commission depending on the volu
Using Total Expenditure for Calculating National Income The expenditure approach centres on the components of final demand which generate production. It thus measures GDP
Tomato Farm is selling tomatoes in a purely competitive market. Its output is 5000 bushels, which sell for $15 a bushel. At this level of output, the marginal cost is $15 bushel an
Indifference curves In order to explain indifference curves, we will again make the simplifying assumption that the consumer buys two goods, x and y. The table below gives
Stable and Unstable Equilibrium An equilibrium is said to be stable equilibrium when economic forces tend to push the market towards it. In other words, any divergence from t
Frank H. Knight treated profit as a residual return to uncertainly profit. Obviously knight made a distinction between risk and uncertainly he divided risk into calculable and non-
Question: EITHER Nowadays, there is an urgency in Mauritius to introduce a rapid transit system in order to reduce traffic congestion and shift towards a more efficient mode
Unit Elasticity of Supply Supply is said to be of unit elasticity if changes in price bring about changes in quantity supplied in the same proportion. Thus, when price rises,
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