Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / It is the role of business managers to allocate resources

It is the role of business managers to allocate resources

Management

It is the role of business managers to allocate resources. What do they base their decisions on?

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Managers are responsible for allocating resources and use them in order to produce something of value to the consumer. Managers base their decisions upon the market demand of goods and services and the number of resources left with the organization. Market demand helps managers to analyze which good is in demand by the consumers, and so he allocates resources only to produce that particular good. On the other hand, managers also consider the amount of resources present and hence allocate them in a sustainable manner.

Related Questions