EconPapers    
Economics at your fingertips  
 

Production Decisions

T. V. S. Ramamohan Rao ()
Additional contact information
T. V. S. Ramamohan Rao: Indian Institute of Technology Kanpur

Chapter Chapter 4 in Managerial Discretion in Imperfect Markets, 2023, pp 73-84 from Springer

Abstract: Abstract One of the significant decisions of the management relates to the level of production. The concept of what constitutes the production level depends on the context. Similarly, the stock of capital of the firm or the expected market demand may be important in different situations. When a firm sells its products in geographically dispersed markets it would be prudent for them to fix prices apriori instead of allowing the prices to fluctuate on the basis of the market conditions that obtain. The possibility that the firm sells differentiated products necessitates that a firm structures non-price strategies to influence its market share. It is necessary to define managerial discretion in each of these contexts. None of the proposed measures can be considered as perfect.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-1537-8_4

Ordering information: This item can be ordered from
http://www.springer.com/9789819915378

DOI: 10.1007/978-981-99-1537-8_4

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-23
Handle: RePEc:spr:sprchp:978-981-99-1537-8_4