Mba 640 Managerial Economics - 1427 Words

MBA 640 (Summer IS 2010) MANAGERIAL ECONOMICS EXAM #1 STUDENT NAME: Exam is open book and open material. 1. Explain the interaction of Managerial Economics with other business disciplines, giving specific examples. Managerial economics has been defined by conventional theorists as a science that is all about how people make choices After you’ve defined managerial economics and it’s relationship to its economic theory. Managerial economics will interact with each of these business’s disciplines at some point or another; demand, marketing, finance, accounting, management science and strategy. An example of one of the disciplines (demand or price elasticity): Ford and Honda cater to the subcompact segment (marketing†¦show more content†¦A change in demand means that the amount consumers are willing and able to buy changes at each and every price. This affects your supply demands. When demand is high the price becomes low and vice/versa. 6. Define market equilibrium and briefly explain how knowledge of this factor can facilitate the organizational decision making process. Market equilibrium occurs where quantity supplied equals quantity demanded. An increase of supply or overproduction will facilitate a price decrease and the number of quantity produced to rise. A decrease of supply affects the equilibrium price to rise and the quantity to fall. When supply increases and demand remains constant, price falls and quantity sold rises. A decrease in supply and the demand remains constant, causes price to rise and quantity sold to fall. This knowledge of equilibrium/disequilibrium can help an organization determine marketing decisions. Continue production, price change, or get rid of this market. 7. How does the impact of supply and demand influence the Pricing of goods and services? Because supply and demand plays a critical role in today’s economy, it s important to understand how they both operate - and how you can use them to analyze decisions about the pricing of goods and services provided. My Father once told me a story and said;† I lost $40,000 dollars today†! I said,† You did? How†? He replied,Show MoreRelatedMethods / Techniques of Cost Accounting5029 Words   |  21 PagesEx-MBA 2011-2014 ( Batch - Weekend ) Semester - 2 Subject: Managerial Accounting ------------------------------------------------- Title : Methods / techniques of cost accounting Submitted by : Vishwajeet Gaikwad – 2011G04 Submitted to : Prof. SameerRead MoreIn Plant Training Report on Textile Industry10085 Words   |  41 Pages098001612043 of MBA during the year 2009-2010. ------------------------Guide ------------------------Head of the Department Submitted for the Project Viva-Voce examination held on†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ ----------------------------Internal Examiner -------------------------External Examiner DECLARATION I affirm that In-Plant Training has undergone at ARTHANARI LOOM CENTRE TEXTILE PRIVATE LIMITED, SALEM, being submitted in partial fulfillment for the award of Master of Business Administration (MBA) is the originalRead MoreAbrahamson, E. (1996). Management Fashion. Academy of Management Review, 21, 1, 254-28515598 Words   |  63 Pagescontent downloaded from 149.171.67.164 on Sat, 24 Aug 2013 23:34:16 PM All use subject to JSTOR Terms and Conditions 1996 Abrahamson 255 These theories of management fashion suggest that organizational performance gaps opened by technical and economic environmental changes do not shape the demand for management fashions; sociopsychological forces do instead. In another article, for instance, I adopted Blumers (1969) argument that fashion demand is guided by managers collective aesthetic tastesRead MoreWarren E Buffett, 2005 Essay7784 Words   |  32 Pagesthe Darden School Foundation. Rev. 2/07. -2- UVA-F-1483 (he lived in Omaha) and a tough-minded investor. In contrast to investing’s other â€Å"stars,† Buffett acknowledged his investment failures both quickly and publicly. Although he held an MBA from Columbia University and credited his mentor, Professor Benjamin Graham, with developing the philosophy of value-based investing that had guided Buffett to his success, he chided business schools for the irrelevance of their finance and investingRead MoreContemporary Issues in Management Accounting211377 Words   |  846 Pagesilluminate practice and to provide ways of improving it. Although always appealing to his economic understandings, he has been open to a wide variety of other ideas, recognizing their intellectual strengths and capabilities rather than making artificial distinctions between what is acceptable and what is not. He also has contributed widely to the accounting literature, taking forward the British tradition of economic theorizing in financial accounting as well as being a constant source of creative thinkingRead MoreStrategic Human Resource Management View.Pdf Uploaded Successfully133347 Words   |  534 Pages..............299 Human Resource Planning ......................................300 THE STRATEGIC ROLE OF HUMAN RESOURCE PLANNING ............................................................ 301 OVERVIEW OF HUMAN RESOURCE PLANNING ......... 307 MANAGERIAL ISSUES IN PLANNING........................ 314 SELECTING FORECASTING TECHNIQUES ................ 319 FORECASTING THE SUPPLY OF HUMAN RESOURCES.......................................................... 326 FORECASTING THE DEMAND FOR HUMAN RESOURCESRead MorePromise and Perils of Globalization - Nike7879 Words   |  32 Pagesprepared for the Sloan School of Management’s 50th Anniversary celebration and should be read in conjunction with â€Å"A Note on Corporate Citizenship.† This case was prepared with the active involvement and research assistance of the following Sloan MBA students: Vanessa Chammah, Brian Curtis, Elizabeth Fosnight, Archana Kalegaonkar, and Adnan Qadir. I would also like to thank Miguel Alexander, Maria Eitel, Dusty Kidd, Joseph Tomasselli and Dara O’Rourke for their helpful comments and assistanceRead MoreService Quality and Customer Satisfaction in Public and Private Universities in Tanzania22790 Words   |  92 Pages Master of Business Administration (MBA) University of Dar es Salaam November, 2010 SERVICE QUALITY AND CUSTOMER SATISFACTION IN PUBLIC AND PRIVATE UNIVERSITIES IN TANZANIA Read MoreMerger and Acquisition: Current Issues115629 Words   |  463 PagesMarket Alain Coà «n, Aurà ©lie Desfleurs and Claude Francoeur 9.1 9.2 9.3 Introduction Conceptual framework Measures of financial analysts’ forecast errors and data 9.4 Empirical results and analysis 9.5 Conclusion 139 139 141 142 145 151 10 The Economic Analysis of US Antitrust Merger Law Germà ¡n Coloma 10.1 10.2 10.3 10.4 10.5 Introduction Theoretical literature Statute and case law Empirical studies Conclusion 155 155 156 160 163 165 11 Ethical Issues in Mergers and Acquisitions RobertRead MoreStrategic Marketing Management337596 Words   |  1351 Pages4 4.5 4.6 4.7 4.8 4.9 4.10 Learning objectives Introduction: the changing business environment (or the new marketing reality) Analysing the environment The nature of the marketing environment The evolution of environmental analysis The political, economic, social and technological environments Coming to terms with the industry and market breakpoints Coming to terms with the very different future: the implications for marketing planning Approaches to environmental analysis and scanning Summary 5