Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
If a firm's organisational characteristics have not any implications for its behaviour or more possibly have implications that can be taken into account without adopting a behaviourist approach, a holistic concept of the firm can be retained. Sothough organisational characteristics such as the relationship between managers and shareholders may need to be analysed in order to determine what firm's objective is, once this has been done, firm can be viewed as aunit acting consistently in pursuit of a clearly specified objective. In the same way, internal administrative processes can be observed as a separate area of study, in the same way that technical processes of marketing or production are regarded as separate areas of study and can be abstracted from theory of the firm. Of course, study of internal administration may lead to conclusions with relevance for a theory of the firm, like there exists an absolute size or a rate of growth above that the administrative efficiency of the firm declines. Once established then these conclusions can be regarded as part of initial set of assumptions needed for the construction of any theory.
The core contribution of the behavioural approach for development of an understanding of business behaviour is to highlight the role played by uncertainty (not risk), the view that behaviour of the firm can best be understood as viewing it like a continuing process and rejection of micro equilibrium.
Theory of Capital and Investment: Theory of Capital and Investment evinces the below significant issues: Selection of a viable investment project Efficient allocatio
Q. What is Marketing Economies? They are allied with selling of the product of the firm. They arise from advertising economies. Because advertising expenses increase less than
Desire for a commodity This validates that a want or a desire doesn't develop into a demand except it is supported by the ability and willingness to acquire it. For example, a
Variable Reserve Requirement (Cash and Liquidity Ratios) The Central Bank controls the creation of credit by commercial banks by dictating cash and liquidity ratios. The ca
Problem 1: You are the manager of a reputed five star hotel in Mauritius and you have been asked by the director of the hotel to advise on possible pricing strategies to increa
Q. Explain about Isoquant Map? We can label isoquants in physical units of output without any difficulty. Because every isoquant signifies a specified level of output it's poss
Problem 1: (a) Distinguish between political and partisan monetary cycles on inflation and unemployment rates. (b) In the rule versus discretion literature, explain how dy
Advantages of Perfect Market It achieves, subject to certain conditions, an allocation of resources which is: socially optimal" or "economically efficient" or "pareto effi
Interest rates Decreasing the rate of interest may not encourage investment but increasing the interest rate tends to lock up liquidity in the financial system.
Optimum combination of resources The firm can maximise output given costs. That is when the entrepreneur attains the highest isoquant given a particular Isocost. At t
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd