Managerial economics applies economic theory and methods to business and administrative decision making. Managerial economics prescribes rules for improving managerial decisions. Managerial economics also helps managers recognize how economic forces...

Organizing is the development of the company resources to achieve strategic goals. The deployment of resources is reflected in the company division of labor into specific departments and jobs, formal...

Goals determine a substantial amount of human behavior. Motivation to achieve these goals is a major factor in a business company and in any organizational effectiveness. For these reasons we...

The basic elements required for a business company to develop are These three basic ingredients have to be coordinated with skill by the management of research and development in a...