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What economic conditions are relevant in managerial decision making?

Question:

What economic conditions are relevant in managerial decision making?

Answer and Explanation:

Supply and demand are among the many possible economic conditions affecting a managerial decision.

Explanation

The demand for any company's product will determine its market and the supply drivers will determine its price. Therefore, two important conditions of managerial decision making include market and price, or supply and demand.


Learn more about this topic:

Decision Making for Managers: Certainty, Risk & Uncertainty

from Business 101: Principles of Management

Chapter 14 / Lesson 4
39K

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