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What is called as Business Economics or Economics for firms? Please Explain.

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Question ajoutée par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date de publication: 2014/09/15
Vinod Jetley
par Vinod Jetley , Assistant General Manager , State Bank of India

The study of the financial issues and challenges faced by corporations. Business economics is a field in economics that deals with issues such as business organization, management, expansion and strategy. Studies might include how and why corporations expand, the impact of entrepreneurs, the interactions between corporations and the role of governments in regulation.

However there is another term called 'Managerial Economics'. The objectives of Managerial Economics are explained at:

http://www.ehow.com/info_7894796_objectives-firms-managerial-economics.html

Kamran Anjum
par Kamran Anjum , Head of Internal Audit , Rafhan Maize Products Company limited, Faisalabad, Pakistan, Ingredion Incorporated Gmbh

Business economics refers to the behaviour of firm against the market conditions and gives an indication of firm's behaviour on the operations of the company in past, present and future. Major decisions under business economics are are related to pricing policy, monetary policy, predicting economic impacts, measuring demand, and applying economic models to management decisions.

Under business economics firm strive to achieve: 

1) Profit Maximisation 

2) Cost minimisation 

3) Technological Advancement 

4) Return on investment 

5) Customer Satisfaction. 

6) Customer retention.

7) Sustainable development.

Muhammad Adeel
par Muhammad Adeel , Sales And Marketing Executive , TANZEEM HEAVY EQUIPMENT RENTAL LLC

Business economists deal with firm behaviour in response to the market and determine how it will affect operations, today and tomorrow. Business economists are concerned with pricing policy, monetary policy, predicting economic impacts, measuring demand, and applying economic models to management decisions.

In business economics the goals of the firm are: 1) Profit Maximisation 2) Cost minimisation 3) Technological Advancement 4) Return on investment 5) Customer Satisfaction. 

Nasir Hussain
par Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

Agreed to Mr. Kamran Anjum

Khan Sohal khan
par Khan Sohal khan , Associate , State Street Syntel Services Pvt Ltd.

Agreed with all,its a branch of economics which includes all those theories and principles of economics which are essentials in business decision.

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