Why do managers make bad decisions?

Q: You are to the one to come up with the strategies , policies and regulations for your organization .…

A: Policies and regulations of organisations are the key role for the organisation which shape the size…

Q: What are the positive and negative effect of economic factors to the operation system?

A: An economic factor is anything that might potentially change or affect a person's financial…

Q: How do personal issues affect an entrepreneur's business?

A: basically an entrepreneur is a person who is the sole leader of any enterprise. it is because of…

Q: What happens to the value of resources when losses are present? If a firm making losses goes out of…

A: The value of resources decreases when the firms make losses as it would mean that the revenue earned…

Q: A business normally produces and sells as much as demand allows. However, sometimes is constrained…

A: The inputs required to produce a thing or service are known as factors of production, and they…

Q: "Costs do not affect the market price" is this statement right or wrong? Show your work

A: Answer: According to a prior research of price determination in the market age, production expenses…

Q: Applying the concept of marginal costs, how would you, as a business owner, decide how much to…

A: There are basically two types of costs- fixed costs and variable costs. The variable cost refers to…

Q: Looking at family business, integrate the knowledge you learn to analyze TWO challenges that the…

A: We are supposed to do the 1 question at a time please send the other question for answers.…

Q: Draw the cost-volume-profit diagram?

A: The cost-volume-profit analysis implies the relationship between costs and volume, selling price,…

Q: Some producers do not stop their production when they face loss in their production. Why?

A: Shut-down decision signifies a short-run decision taken where a firm decides whether to operate or…

Q: Explain the role of the personal selling in the organizational buying behavior. And giving examples?…

A: Personal selling involves selling or convincing a buyer in purchasing a good. It is a promotional…

Q: How do you think the supply chain expanded into an online business can improve the performance of…

A: A digital supply chain can assist an organization with reinforcing its plan of action (for instance,…

Q: what tools and techniques are available to improve a firm's profits?

A: There are many tools and techniques available which is used by the firm to improve profit.Following…

Q: How can we Determine Accounting Profit?

A: Profit is the income that the fourth factor of production, i.e. enterprise, generates from an…

Q: What is average profit margin means?

A: Profit margin is calculated by dividing income by sales to determine how profitable a firm or…

Q: What advantages does the Cotton Gin have over previous technologies?

A: A cotton gin is a machine that separates cotton fibers from their seeds fast and efficiently,…

Q: If you have an idea of a product, a process or a service that you think will be in demand,…

A: In a market, an individual wants to operate a business with having an idea, process, and strategy…

Q: Wheel Co. Ltd, operating in a competitive industry has a cost function: TC=5+13Q2 - 3Q. This firm…

A: Price = $18  Total Revenue (TR) = P*Q = 18Q Marginal Revenue (MR) = 18 Total Cost (TC) = 5+13Q2-3Q3…

Q: What is the firms profit or loss?

A: Since the marginal revenue of the firm is above the average total cost and the marginal cost the…

Q: What is the profit potential?

A: Profit potential is the difference between the expected revenue and the overall cost of the product.…

Q: What is the cost basis of an asset?

A: The original value of an asset which is often the purchase price is called Cost basis. It is…

Q: difference between managerial and market coordination

A: The market coordination is an impersonal coordination, which is like people are guided to do some…

Q: ___________ is defined as the adoption of a new idea or behavior by an organization.   a.…

A: ANS Organizational Change is the process by which organizations move from their present state to…

Q: how can young budding entrepreneurs compete with older, more experienced entrepreneurs? is it enough…

A: An entrepreneur is a person who starts a new company and bears the most of the risks while reaping…

Q: What is a marginal cost? (in detail)

A: The Marginal cost is an additional cost of producing an additional unit of an output. In other…

Q: List the multiple factors that affect a company's market value?

A: Market esteem/value (otherwise called OMV, or "open market valuation") is the value a resource would…

Q: What actions can help a firm grow?

A: Expànding the company can take a wider rànge. The CEO may develop new businesses, expand new…

Q: Long-Term Competitiveness?

A: Competitiveness is the quality of being as good or better than others in the market. When there are…

Q: Help me fast so that I will give Upvote.

A: 1/1-(MPC+MPI) =1/1-(0.9+0.2)=-0.1

Q: Evaluate the factors affecting firm behavior, such as production and costs

A: The allocation of resources in economics is determined by economic profit which relies on how much…

Q: Most manufacturing companies divide manufacturing costs into which three broad categories?

A: Manufacturing cost can be defined as the sum total of all the cost of resources which are used in…

Q: Marginal Analysis  -Definition - Explanation of the topic - Give examples  - Give rules if any…

A: It is used as a microeconomic tool. It helps to analyze the problem.

Q: Which divisions of the business spent their money on products and services that were correctly…

A: In a business, multiple divisions are handling various branches of a business. They carry out…

Q: explains why business should be ethical and why not all businesses are ethical.

A: Business Ethics:  By definition, business ethics allude to the norms for ethically good and bad…

Q: Why do you think it is important for managers to understand the mechanics of short- and long-term…

A: *Answer:

Q: what are fundamental factors considered when making decisions to achieve various goals of a firm

A: Decision making is a cognitive process of selection of best choice of decision among numbers of…

Q: To compute economic profits, which costs are used?

A: The economic profits of a firm could be estimated by the difference between total revenue and total…

Q: When a firm takes the short-down decision?

A: Shut down is a situation when it is better for the firm not to produce instead of producing.

Q: how does the manager determine what steps to take to make the firm possible?

A: Manager has certain responsibilities for the firms development The primary objective would be to…