Business Economics in Corporate Sector

Almost all business decisions, in one way or other, relate to business and economic variables. The behaviour of these variables is uncertain. Therefore, business decisions are taken in an  environment of uncertainty and thus risk is involved. This fact of uncertainty and complexity of modern, business makes the function of decision-making and future planning complicated. To take appropriate business decisions, management of a business organisation must have clean understanding about internal issues of the organisation and general business environment.