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What are the points Managerial Economics of Management?

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Question added by Mohammed Ashraf , Director of International Business , Saqr Al-Khayala Group
Date Posted: 2016/02/05
Salman Khan
by Salman Khan , President & CEO , The Gideon Group Inc.

It is the intellectual process and a purposeful activity which, at varied times, takes in hands all the managerial activities, such as, planning, organizing, staffing, directing and controlling. It is the process wherein an executive, by taking in to consideration several alternatives reaches at the conclusion in a given situation. Thus, being a continuous activity, decision making is regarded to be the heart of management.

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