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Management Marketing Difficulty: Medium

The concept of MU for explaining diamond-water paradox is Who among the following viewed unemployment as outcome of the disorganisation of economic system? Communication is a non-stop ____________. Match the following List-I (Thinkers) List-II (View) a. George A. Steiner 1. The aim of the business is to earn profits by utilising the resources and engaging in open and free competition, without deception or fraud. b. Milton Friedman 2. Social values would dominate business values if business concerned themselves with ethics. c. Theodore Levitt 3. As a Statement of purpose, maximising of profit is not only unsatisfying, it is not even accurate. A more realistic statement has to be more complicated. The corporation is a creation of society whose purpose is the production and distribution of needed if the whole is to be accurate; you cannot drop one element without doing violence to facts. d. V. B. Dyes 4. The managers of the biggest companies know as a business gets larger, the public takes more interest in it because it has a greater impact on the community. The antennae of these managers are tuned to public opinion and they react to it. They seek to maintain a proper image of their company in the public mind. This leads to the assumptions of greater social responsibilities. Match the following: List-I (Subject of Managerial Economics) List-II (Example) a. Demand Analysis 1. Demand forecasting b. Cost and Product Analysis 2. Cost output relationship c. Capital Management 3. Price Estimates d. Profit Management 4. Profit Policies