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Business Economics And Managerial » (1st Edition)

Book cover image of Business Economics And Managerial by Jones

Authors: Jones, Roger Ed. Jones
ISBN-13: 9780471486749, ISBN-10: 0471486744
Format: Paperback
Publisher: Wiley, John & Sons, Incorporated
Date Published: May 2004
Edition: 1st Edition

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Author Biography: Jones

Trefor Jones currently teaches economics at the School of Management at UMIST. He has significant experience of teaching at undergraduate and postgraduate levels both in economics and business/management environments.

Book Synopsis

Written primarily for students taking courses in managerial economics in Britain and Europe, The Business Economics and Managerial Decision Making analyses the growth and development of privately owned firms and also the decisions made by firms operating in both private and public sector enterprises. Coverage is clear and concise, and avoids specialist techniques such as linear programming, which in a European context tend to belong in courses dealing with operations research. The book also avoids straying into areas of industrial economics, instead retaining a sharp focus on relevant issues such as the theory of the firm and the varying objectives that may be adopted in practice. Key sections are supported by case studies of real firms and actual decisions made.

Table of Contents

Preface
Acknowledgements
ICorporate governance and business objectives1
1Ownership control and corporate governance3
2Business objectives and theories of the firm23
3Risk and uncertainty45
IIKnowing the market65
4Consumer behaviour67
5Demand analysis85
6Estimation of demand functions103
IIIUnderstanding production and costs119
7Production and efficiency121
8Costs145
IVPricing, promotional and investment policies169
9Pricing and market structure : theoretical considerations171
10Pricing in practice197
11Advertising219
12Investment appraisal241
VStrategic decisions : the growth and development of the firm265
13The entrepreneur and the development of the firm267
14The boundaries of the firm285
15The growth of the firm303
16Changing the boundaries of the firm : vertical integration323
17Changing the boundaries of the firm : diversification341
18Changing the boundaries of the firm : divestment and exit361
19Changing the boundaries of the firm : mergers379
20Organizational issues and structures399
21The growth and development of the firm : Stagecoach group Plc423
IVDecision making in the regulated and public sectors443
22Decision making in regulated businesses445
23Public sector production469
24Quasi-markets and non-market public sector491
25Cost-benefit analysis509
Glossary529
Index539

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