MBA / PGDM ## ,,@ 09266214841,,@ADMISSION 2012 MODINAGAR

15/03/2012 Professional & Short Term Course

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MBA / PGDM ## ,,@ 09266214841,,@ADMISSION 2012 MODINAGAR 

MBA ADMISSION OPEN @@@@@@@@ 09266214166/09266214841   SMS YOUR NAME AND CONTACT NUMBER @@ 09266214166/09266214841 Managerial Economics and Business economics are the two terms, which, at times have been used interchangeably. Of late, however, the term Managerial Economics has become more popular and seems to displace progressively the term Business Economics. The prime function of a management executive in a business organization is decision making and forward planning. Decision Making means the process of selecting one action from two or more alternative courses of action whereas forward planning means establishing plans for the future. The question of choice arises because resources such as capital, land, labourand management are limited and can be employed in alternative uses. The decision making function thus becomes one of making choices or decisions that will provide the most efficient means of attaining a desired end, say, profit maximization. Once decision is made about the particular goal to be achieved, plans as to production, pricing, capital, raw materials, labor, etc., are prepared. Forward planning thus goes hand in hand with decision making. APPLY NOW FOR MORE INFO CONTACT 09266214841/09266214166

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