alleryIn the scope of Business Economics, internal or operational issues of a firm are addressed mainly through:
AWelfare Economics
BMicro Economics
CMacro Economics
DMonetary Economics
Answer & Solution
Correct answer: B. Micro Economics
1. Operational issues are internal and within management's control.
2. These are tackled using Micro Economics (demand analysis, cost analysis, pricing).
3. External or environmental issues are the ones addressed by Macro Economics, so that category is wrong.
4. Welfare and monetary economics are not the branch the unit assigns to operational issues, ruling them out.
_Source: ICAI BoS CA Foundation Paper 4 Business Economics, Ch 1 Unit I "Nature and Scope of Business Economics", p.7_
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