identify different techniques singer organization uses to measure managerial and organizational performance.
Explain the managerial uses of demand distinction
Managerial economics deals with microeconomics in an industry for strategic decision making.It facilitates the transition from economic theories to economics in pratice. It employs quantitative tools like risk analysis,production analysis ,pricing analysis and capital budgeting. There are lot of factors involved in the business outcome , managerial economics uses the quantitative tools to predict the outcome and help in the decision making.eg of decisionsWhether the company has to venture into new productsShould a firm continue to be in business in an industry in which it is currently engagedMeans to motivate employees in the industry.
What do you understand by cost analysis
It help the management to analyze the change in prise of the products
Managerial economics (also called business economics), is a branch of economics that applies microeconomic analysis to specific business decisions. As such, it bridges economic theory and economics in practice. It draws heavily from quantitative techniques such as regression analysis and correlation, Lagrangian calculus (linear). If there is a unifying theme that runs through most of managerial economics it is the attempt to optimize business decisions given the firm's objectives and given constraints imposed by scarcity, for example through the use of operations research and programming.(the things mentioned above are ___________)
managerial uses of fund flow analysis
Following are the uses: 1 - Profit planning 2 - Capacity planning 3 - Cost planning.
Breakeven analysis is the relationship between cost volume and profits at various levels of activity, with emphasis being placed on the breakeven point. The breakeven point is where the business neither recieve a profit nor a loss, this is when total money recieved from sales is equal to total money spent to produce the items for sale.Uses of a breakeven analysisBreakeven analysis enables a business organization to:Measure profit and loses at different levels of production and sales.To predict the effect of changes in price of sales.To analysis the relationship between fixed cost and variable cost.To predict the effect on profitablilty if changes in cost and efficiency.Even though breakeven has these advantages or uses, there are also several demerits of break even analysis.
Explain the managerial uses of demand distinction
In business is one. A break-even analysis uses equations to help determine what sales volume is necessary to 'break even'. Break even is the point where the revenues are just enough to pay all of the bills (rent, utilities, payroll, products for resale, etc.). After you hit the break-even point, any sales over that, and after the cost of products needed to sell is paid, will be profits. You could use a similar analysis to figure what grade you need to make on a test to push your average up to the next higher letter-grade.
The name given to the process of life-cycle analysis embracing a number of separate but related techniques, sciences disciplines that uses managerial and financial expertise as well as engineering skills when designing, installing and running machinery.
uses of markov analysis
Managerial economics deals with microeconomics in an industry for strategic decision making.It facilitates the transition from economic theories to economics in pratice. It employs quantitative tools like risk analysis,production analysis ,pricing analysis and capital budgeting. There are lot of factors involved in the business outcome , managerial economics uses the quantitative tools to predict the outcome and help in the decision making.eg of decisionsWhether the company has to venture into new productsShould a firm continue to be in business in an industry in which it is currently engagedMeans to motivate employees in the industry.
These are tools which helps the management to determine how much units of products must be made and sale to cover all the expenses atleast and after that point company actually starts earning any profit.
What do you understand by cost analysis
It help the management to analyze the change in prise of the products
Three uses for microscopes are forensics, reasearch, and analysis.