MPA21603: The purpose of this assignment is to demonstrate the ability to identify and formulate appropriate tools and techniques: Managerial Economic Assignment, UTHM, Malaysia
| University | Universiti Tun Hussein Onn Malaysia (UTHM) |
| Subject | MPA21603: Managerial Economic |
PURPOSE
The purpose of this assignment is to demonstrate the ability to identify and formulate appropriate tools and techniques in the decision-making process for managerial economics.
REQUIREMENT
The demand and supply concepts are two of the basic concept in microeconomics. Select any decision-making in our working operational environment or organizational decision-making in the Malaysian industry and discuss how both concepts can affect our managerial decision in related working environment/organizational decision making.
The report must contain at least the following section:-
- Introduction of types of decision making (strategic or operational) was
- Discussion on how demand and supply concept, elasticity application and market equilibrium relate to our decision making in operational working environment organizational decision making.
- Conclusion and recommendations should include the essence of what is being learned from the managerial decision-making from a microeconomic point of view or knowledge. All opinions need to be justified or supported by evidence from relevant textbooks or other scholarly articles/journals.
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