Articulate how macro- and microeconomics come into play in the context of firm decision-making in a global business
Not what you're looking for?
Articulate how macro- and microeconomics come into play in the context of firm decision-making in a global business
Purchase this Solution
Solution Summary
Three paragraphs and two references.
Solution Preview
Macroeconomics is the economics sub-field of study that considers aggregate behavior. This is in contrast to microeconomics which is the study of the economic behaviour of individual consumers, firms, and industries.
Utility in decision making
Macroeconomics can be used to determine trend of the economy which will help in determining demand. Thus, Macroeconomists try to forecast economic conditions to help ...
Purchase this Solution
Free BrainMass Quizzes
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.