Discuss the importance of the command process and the traditional process in the making of management decisions.

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Discuss the importance of the command process and the traditional process in the making of management decisions. Illustrate specific ways in which managers must take these two processes into account.

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Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

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Question Posted: Jun 20, 2016 12:26 AM

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Discuss the importance of the command process and the traditional process in the making of management decisions.

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As much as managers in a market economy rely on demand cost and profitability to guide them in their economic decisions we have observed that command and tradition continue to play an important role i...View the full answer

Managerial Economics

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