Business economics slideshare.net

Why Business Economics is microeconomics in nature?
Business Economics is more concerned with the decision-making situations of individual establishments.
Therefore, it depends on the techniques of Microeconomics..
Business Economics covers most of the problems that a manager or establishment faces.
Hence, the scope of business economics is wide.
Since a firm can face internal/operational as well as external and/or environmental issues, there are different economic theories applicable to them.

What are the characteristics of Business Economics?

CHARACTERISTICS OF BUSINESS ECONOMICS 1.
Micro Economic Nature: Business Economics is micro economic in its nature because it deals with matters of a particular business firm only. 2.
Use of Economic Theories:

Business Economics uses all economic theories relating to the profits

distribution of income etc. 3.

What is a good subject to study in Business Economics?

Capital Management:

Capital management is another topic dealt in Business Economics.
It denotes planning and control of capital expenditure in business organisation.
It studies matters like cost of capital, rate of return, selection of best project etc. 8.
IMPORTANCE OF BUSINESS ECONOMICS Business Economics is a useful subject.

What is business economics & profit analysis?

Business Economics deals with the cost estimates and acquaints the entrepreneurs with the cost analysis of their firm. 3.
Profit Analysis:

Every business firm aims to secure maximum profits.
But at the same time it faces uncertainty and risk in getting profits.
It has to make innovations in production and marketing of its goods.

What is the scope of Business Economics?

NATURE AND SCOPE OF BUSINESS ECONOMICS The scope of Business Economics consists of the following:

• 1.
Demand Forecasting: Demand forecasting is an important topic studied in Business Economics.
Every business firm initiates and continues its production process on the basis of the anticipation of more demand for its goods in the future.

What is Business Economics?

According to SPENCER AND SIEGELMAN “Business Economics is the integration of economic theory with business practice for the purpose of facilitating decision making and forward planning by management”

• Business economic meets these needs of the business firm

This is illustrated in the following presentation

What is the main focus of study in Business Economics?

The main focus of study in business economics is profit theory

Under economics all the distribution theories like rent, wages and interest are studied along with the theory of profit

What is the scope of Business Economics?

NATURE AND SCOPE OF BUSINESS ECONOMICS The scope of Business Economics consists of the following: • 1

Demand Forecasting: Demand forecasting is an important topic studied in Business Economics

Every business firm initiates and continues its production process on the basis of the anticipation of more demand for its goods in the future

Business economics slideshare.net

Why Business Economics is microeconomics in nature?

What are the characteristics of Business Economics?

What is a good subject to study in Business Economics?

What is business economics & profit analysis?

What is the scope of Business Economics?

What is Business Economics?

What is the main focus of study in Business Economics?

What is the scope of Business Economics?