Answer to Question #235962 in Microeconomics for Hiuhiu

Question

Identify a set of concepts in Managerial Economics that you found most interesting and useful. Show why these sets of concepts impressed you with a case study

Answer 1

Normative view based on managerial states that the administrative decisions tend to be regards to life practices and experiences. The have systematic way to study promotion, product design, forecasting as well demand, which are aspects related to the market experience. The concept prepare me on what to expect and relate based on business events.