Strategic Decisions at the Business Level Concern the Amount of Advertising,direction

question 48

True/False

Strategic decisions at the business level concern the amount of advertising,direction and extent of R & D,product changes,new product development,equipment and facilities,and expansion or contraction of product lines.

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Definitions:

Normative Economics

A branch of economics that focuses on what ought to be or what should happen, often involving judgments and prescriptions for economic policy.

Positive Economics

A branch of economics that seeks to describe and explain the economy as it actually is, without making judgments about its effectiveness.

Judgments

Decisions or conclusions reached after consideration, often in a legal context or in personal assessment.

Empirical Economics

The branch of economics that focuses on using data and statistical methods to analyze and test economic theories.