Tag - economist

Explain the functions and responsibilities of managerial economist.

Ans. Functions - The specific functions of managerial economists are given below- (i) Capital projects (ii) Sales forecasting (iii) Analysis of underdeveloped economies (iv) Economic analysis of competing companies ( v) Industrial market research (vi) Pricing problems of industry (vii) Economic analysis of agriculture (viii) Production programmers (ix) Environmental forecasting (x) Advice on foreign [...]

What are the functions of managerial economist ?

Ans. The specific functions of managerial economists are given below- (i) Capital projects (ii) Sales forecasting (iii) Analysis of underdeveloped economies (iv) Economic analysis of competing companies ( v) Industrial market research (vi) Pricing problems of industry (vii) Economic analysis of agriculture (viii) Production programmers (ix) Environmental forecasting (x) Advice on foreign exchange.

What type of role a managerial economist can play in business ?

Ans. A manager has the two primary tasks - making decisions and processing decision. Manager must be able to obtain, process and use information in order to make intelligent decisions. The objective of learning economic theory is to help managers know what managers should [...]