Lesson - 1 Business Economics- Meaning‚ Nature‚ Scope and significance Introduction and meaning : (Author : Dr. M.S. Khanchi) Business Economics‚ also called Managerial Economics‚ is the application of economic theory and methodology to business. Business involves decision-making. Decision making means the process of selecting one out of two or more alternative courses of action. The question of choice arises because the basic resources such as capital‚ land‚ labour and management are limited and
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The Nature and Scope of Managerial Economics Dr. Mohammad Abdul Mukhyi‚ SE.‚ MM Economics is the social science that studies the production‚ distribution‚ and consumption of goods and services. Managerial economics (sometimes referred to as business economics)‚ is a branch of economics that applies microeconomic analysis to decision methods of businesses or other management units. As such‚ it bridges economic theory and economics in practice. It draws heavily from quantitative techniques such
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Wikipedia.org. EXECUTIVE SUMMARY The Electronic commerce or e-Commerce as is known today evolved as businesses (end to end process) started to shift from real time market to digital market. All of the business today as we see is done over the internet and anything which is not there is meant to be wiped off. Ecommerce‚ the online shopping system has brought down political and physical barriers giving everyone in the world an equal playing ground for their
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HND Business Management Business Economics NATURE & SCOPE OF ECONOMICS What is Economics? Issue in economics Macroeconomics Microeconomics Lecture 1 (c) Copyright MFA 11 Nature and Scope of Economics All About Economics Want and Desires Scarcity Economic Problems Opportunity Cost Production Possibility Curve(PPC) Shift of The PPC. 2 9/21/2011 Lecture 1 (c) Copyright MFA 11 WHAT IS ECONOMICS? 3 Issues in Economics Demand
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Nature and Scope of Jurisprudence What is Jurisprudence? There is no universal or uniform definition of Jurisprudence since people have different ideologies and notions throughout the world. It is a very vast subject. When an author talks about political conditions of his society‚ it reflects that condition of law prevailing at that time in that particular society. It is believed that Romans were the first who started to study what is law. Jurisprudence- Latin word ‘Jurisprudentia’- Knowledge
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NATURE AND SCOPE OF ACCOUNTING TERMINOLOGIES As an introduction to the course in accounting‚ it may be useful to define the following terms : - Accounts : These are the financial records in the organization. Every business transaction‚ or accounting entity‚ may be represented in an account by itself‚ e.g. wages‚ telephone expense‚ motor vehicle‚ Cash at bank‚ Investment - Book-keeping : This is the recording of the financial transactions of a business
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____________________________________________________________ ______________________________________ DEFINITION NATURE AND SCOPE OF ECONOMICS ____________________________________________________________ _______________________________________ 19 ____________________________________________________________ _____________________________________ DEFINITION OF ECONOMICS Economics is social science‚ which is concerned with the efficient use of scarce resources to achieve the maximum
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Nature and Scope of Marketing Ethics O.C. Ferrell‚ Ph.D. Professor of Marketing Creative Enterprise Scholar The Robert O. Anderson School And Graduate School of Management MSC05 3090 1 University of New Mexico Albuquerque‚ NM 87131-0001 Phone: (505) 277-3468 ocferrell@mgt.unm.edu Nature and Scope of Marketing Ethics INTRODUCTION Marketing ethics is viewed as important because of marketing’s interface with many diverse stakeholders. Marketing is a key functional area in the business organization
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Nature‚ Scope And Role Of Managers Management Definition‚ Nature‚ Scope And Role Of Managers Presented By Group No. 1 (Stephen Covey) Member’s Name:- ATUL MISHRA (COORDINATOR) SANGHARSH KUMAR RAJEEV KR. SHARMA SHAILENDRA RAKESH SINGH CHANDEL 6. JEETENDRA RAI OBJECTIVES:- : OBJECTIVES:- After this presentation you will be able to define – Management Nature of Management Scope of Management Functions Of Management Role Of Managers About Stephen Covey : About Stephen Covey Birth- Stephen
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NATURE & SCOPE OF MARKETING RESEARCH 1. NATURE & SCOPE OF MARKETING RESEARCH Date:-23 / 01 / 2009 Presented 2. HISTORY Curtis publishing company is the first company. Charles Coolidge parlin was the first head. Research was for Campbell soup. In the United States. 3. Case study Hindustan express news paper Largest chain of news paper in India During 1975 – 1977 fought for freedom of the press Newspaper flash lighted government and its policies Suffered restrictions and newspaper quota Suffered
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