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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 445 |
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This phase often requires constant monitoring to ensure that results are as expected. If they are not, corrective action needs to be taken when possible. This five-step decision-making process is illustrated in below
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Ans: The ability to make good decisions is the key to successful managerial performance. Managers of profit-seeking firms are faced with a vide range of important decision is the areas of pricing, product choice, cost control, advertising, capital investments, and dividend policy, to name but few. Managers in the not-for-profit and the public sectors are faced with a similarly wide range of decision...
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