Following are the importance or significance of business economics:

  • Helpful in organizing,
  • Helpful in planning,
  • Helpful in decision making,
  • Helpful in coordination,
  • Helpful in foreword plug,
  • Helpful in cost control,
  • Helpful in demand forecasting, 
  • Minimizing uncertainties,
  • Helpful in chalking out business policies,
  • Helpful understanding external environment.

business economics

May 04, 2017