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Economics: MCQ Objective Questions
Evaluating all the options to find out most suitable solution to business problems is inter-displinary activities. It is called(A). Professional Research
(B). Management Research
(C). Operational Research ✅
(D). Commercial Research
Detailed Explanation - Economics MCQ
○ Operational research is a discipline that deals with the application of advanced analytical methods to help make better decisions.
○ Employing techniques from other mathematical sciences, such as mathematical modeling, statistical analysis, and mathematical optimization, operations research arrives at optimal or near-optimal solutions to complex decision-making problems.
○ In a nutshell, operations research is the discipline of applying advanced analytical methods to help make better decisions.
