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Following are the examples of typical economic decisions made by the managers of a firm. Determine whether each is an example of what, how, or for...

Following are the examples of typical economic decisions made by the managers of a

firm. Determine whether each is an example of what, how, or for whom.

a. Should the company make its own spare parts of buy them from an outside

vendor?

b. Should the company continue to service the equipment that it sells or ask

customers to use independent repair companies?

c. Should a company expand its business to international markets or concentrate on

the domestic market?

d. Should the company replace its own communications network with a "virtual

private network" that is owned and operated by another company?

e. Should the company buy or lease the fleet of rucks that it uses to transport its

products to market?

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