economics studies

1. SCOPE OF BUSINESS
ECONOMICS
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2. Meaning of Business Econmics
Business economics is the
integration of economic theories
with business practices to facilitate
the decesion making and forward
planning by the management.

3. Scope of Business Economics
■ Demand forecasting .
■ Profit analysing.
■ Cost analysing.
■ Capital management.

4. Demand Forecasting
Every business continues its production on the
basis of more demand of tgeir product and
want to know the changes in consumers tastes
and preferences.Economic analysis determines
the demand of the product in the market and
forecasts the behaviour of the consumer.

5. Profit Analysing
Every business firm aims at maximising its
profit.But at the same time faces uncertainity
and risks in getting profits. Business economics
deals with the topics relating to profit analysing
such as profit techniques , policies and break-
even analysis.

6. Cost Analysis
Business economics deals with various costs
incurred by the business firms.Every firm
desires to minimises the cost and maximises
the output by several economies of
scale.Business economics deals with the
estimation of costs and aquaints the
enterprenuers by analysing the costs of their
firm.

7. Capital Management
Capital management is an another topic in
business economics.
It studies matter like cost of capital , scale
of return , rate of return etc.

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