DQ Is an understanding of microeconomics an important part of your employer’s decision-making process?

ECN 220 Grand Canyon Week 1 Discussion 2

Is an understanding of microeconomics an important part of your employer’s decision-making process? If so, what role does economics play in your employer’s decisions? If not, elaborate on the noneconomic criteria your employer uses to make business and/or organizational decisions? Provide at least two real-life examples in which economics impacts your employer’s decision-making process.