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One of the most important skills to learn in managerial economics is the ability to identify...

One of the most important skills to learn in managerial economics is the ability to identify a good business. Discuss at least four characteristics of a good business.

Identify and talk about at least four companies that you regard as having the characteristics listed here.

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Answer #1

Four characteristic of good business :

1. Product quality and services should be excellent.

2. Finance plays a crucial role in success of business.Properly prepare budget, manage expense and direct funds to investments.

3. Good relationship with Employee is responsible for making business to grow at greater heights

4. Management must comprise of leaders that motivates the team and hold team members to high standards of responsibility and accountability.

Apple, Infosys, Mckinsey, Microsoft, Facebook are the companies with such qualities.

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