In managerial economics we apply a disciplined approach to analyzing problems in order to maximize profits. Is there a difference in this methodology when comparing a traditional production firm with a service-oriented company? For instance, what would th

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In managerial economics we apply a disciplined approach to analyzing problems in order to maximize profits. Is there a difference in this methodology when comparing a traditional production firm with a service-oriented company? For instance, what would the methodology be for comparing a large manufacturer with a large medical practice? Specifically detail your view.

 

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