Economic theories that the financial manager must be able to utilize for efficient business operations, include
A) supply-and-demand analysis.
B) marginal analysis.
C) profit-maximizing strategies.
D) price theory.
E) all of the above.

Question

Quizplus · Accepted Answer

All of the choices (supply-and-demand analysis, marginal analysis, profit-maximizing strategies, and price theory) are economic theories that are important for a financial manager to utilize in order to make efficient business decisions. Supply-and-demand analysis helps to understand market trends, marginal analysis evaluates the cost and benefit of additional resources, profit-maximizing strategies focus on increasing revenue, and price theory helps to determine optimal pricing strategies.

Economic Theories That the Financial Manager Must Be Able to Utilize