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?
