Planning, scheduling, and supply chain management for a business is considered:

• A. a macroeconomic activity, concerned with national economic policies
• B. a part of microeconomics, focusing on the internal operations of firms
• C. a government fiscal policy tool
• D. an example of consumer behavior analysis

Answer: (B)

Verified step by step guidance

1. Step 1: Understand the scope of microeconomics and macroeconomics. Microeconomics studies individual agents such as firms and consumers, focusing on their decision-making and internal operations. Macroeconomics looks at the economy as a whole, including national policies and aggregate economic indicators.
2. Step 2: Identify what planning, scheduling, and supply chain management involve. These activities relate to how a firm organizes its resources, production processes, and distribution to operate efficiently.
3. Step 3: Recognize that since these activities focus on the internal operations of a firm, they fall under microeconomics rather than macroeconomics, which deals with broader economic policies and aggregates.
4. Step 4: Eliminate options that do not fit this description: government fiscal policy tools relate to macroeconomic policy, and consumer behavior analysis focuses on individual consumer choices, not firm operations.
5. Step 5: Conclude that planning, scheduling, and supply chain management are part of microeconomics because they deal with the internal functioning and decision-making within firms.