DSSs include knowledge-based systems. A properly designed DSS is an interactive software-based system intended to help decision makers compile useful information from a combination of raw data, documents, and personal knowledge, or business models to identify and solve problems and make decisions.
Information gives you competitive advantage over others . For instance, this will help in making informed decisions in what to produce as a result of the demand information you may have.
Major decisions in production are:1.what to produce?2.For whom to produce?3.How to produce it?4.Where to produce it?4.When to produce? (dealing wit a service)
A free market is one in which decisions about what to produce and in what quantities are made by:
In a {Traditional Economy}, economic decisions are based on customs handed down from generation to generation. In a {Market Economy} individuals make their own decisions about what to produce how to produce it & for whom to produce it.
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In a {Traditional Economy}, economic decisions are based on customs handed down from generation to generation. In a {Market Economy} individuals make their own decisions about what to produce how to produce it & for whom to produce it.
The idea of perfect information is good for firms because they can make good decisions based on the information. However, perfect information doesn't exist.
Market Economy
The purpose of accounting is to provide important financial information in order to make fast and precise decisions. The Krebs Cycle's purpose is to produce ATP that cells can use, occurs in animal cells. The Krebs Cycle is in chloroplasts and is used to produce gluclose for cell
In order to get the intended effect of establishing a powerful theme you have to have two things. Have the power to produce an outcome and have a hypothesis.
In a centrally-run economy, decisions about quantities and prices of goods and services to be provided are made by a small group, usually government bureaucrats. The opposite is a market economy, where such decisions are made - in theory - by private producers (sellers) and consumers (buyers). Neither type exists in its pure form.
government decisions