Discussion
______ is a discipline which deals with the application of economic theory to business management.
Answer: A
Business economics is the discipline that deals with the application of economic theory to business management, helping managers decide on matters such as demand, costs and pricing. A management information system is a system that supplies information to managers, a decision support system helps with specific decisions, and information processing is the handling of data, so these are not branches that apply economic theory. Typical topics in the subject are demand and supply, cost analysis and pricing decisions, which are the economic tools used in running a firm.
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