Which of the following statements is correct?
A)Managerial decisions are affected primarily by microeconomic forces.
B)Managerial decisions are affected primarily by macroeconomic forces.
C)Managerial decisions are affected by both microeconomic and macroeconomic forces.
D)By and large, managerial decisions are not affected by either microeconomic or macroeconomic forces.

Question

Quizplus · Accepted Answer

Managerial decisions are affected by both microeconomic and macroeconomic forces. Microeconomic forces include factors that affect a specific industry or market, such as supply and demand, competition, and consumer behavior. Macro-economic forces, on the other hand, include broader economic factors such as inflation, economic growth or recession, and government policies. Both micro and macroeconomic forces can have a significant impact on the success of a business, and therefore, should be considered when making managerial decisions.

Which of the Following Statements Is Correct