5 Questions
What is the focus of the journal Business Economics?
Providing practical information for people who apply economics in their jobs
How is business economics related to traditional economics?
It is an integral part and an extension of economic concepts to real business situations
In what sense is business economics considered an applied science?
As a tool of managerial decision-making and forward planning by management
What is the basis of business economics?
Microeconomics in two categories: positive and negative
What is the primary concern of business economics?
Application of economic theory to business management
Test your knowledge of business economics with this quiz! Explore economic theory, quantitative methods, organizational structures, and the relationships of firms with labor, capital, and product markets. See how well you understand the factors that contribute to the diversity of business enterprises.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
