| Toms Sko 7/16(木) 15:46:20 No.20150716154620
Managers study and manage the internal environment of the organization and work for the profitable and long term functioning of the organization. This aspect refers to the micro economics study. The managerial economics deals with the problems faced by the individual organization such as main objective of the organization, demand for its product, price and output determination of the organization, available substitute and complimentary goods, supply of inputs and raw material, target or prospective consumers of its products etc.
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