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What components of a decision support system allow decisions makers to easily access and manipulate the DSS and to use common business terms and phrases?
Wiki User
∙ 8y ago
expert system
Wiki User
∙ 8y ago
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How does database help make efficient and effective decision in regards to operation of a business?
Decision-making for the business is really important, and a database of information to draw from when making decisions is so valuable.
Importance of decision making?
The importance of decision making is that it helps in planning for the next course of action. In business, good decisions will yield great returns on investment.
What is relationship between lay out decisions capacity decision and scheduling?
what relationship exists among the layout decisions,capacity decisions and scheduling
Decision support and business intelligence system?
Business Intelligence and Analytics software tool turns your data into knowledge and concrete information, so you can make better and fact-based business decisions fast, improve your company's operational processes, decrease your costs, and increase your income.
How would each of the 10 operations management decisions apply to operations decision making at Regal Marine?
How OM decisions apply to operations decision making at regal marine
How exchange rate movements influence business decision?
how exchange-rate movements influence business decisions
What is the plural of decision?
decisions
Why are decisions based on expected costs and benefits?
People want to make decisions that will benefit them. If the costs are higher than the benefits, they will not make the decision to do something.
How does database help make efficient and effective decision in regards to operation of a business?
Decision-making for the business is really important, and a database of information to draw from when making decisions is so valuable.
How are decisions and the decision processes for business markets similar to those of consumer markets?
The question needs to be narrowed a bit. A distinction must be made to differentiate between the meaning of business decisions and decision processes. All business decisions are made through a formal or informal decision making process. Since the primary objective of a business is to maximize profitability, the decision process as it relates to that objective would be to assess the decision options and associated risks.The decisions and decision processes of consumers, on the other hand, can also be defined in economic term. I am assuming that the question relates to consumer purchase decisions based on product utility received by the consumer and price paid by the consumer. The consumer would normally go through a purchase evaluation process to determine if the product price justifies the utility that the consumer will enjoy.In this context, there is some similarity between business and consumer market decision making processes in terms of the economic benefit to be gained by the decision makers: profit maximization for a business and product utility maximization for a consumer. Both types of decisions involve risks and opportunity costs for both business and consumers.
Wrong Business Decisions and Their aftereffect?
Business decisions must be taken with complete analysis of the market (market research). The wrong business decision can have after effects like, unsatisfied customers that leads to customer turnover and thus, low or no profits.
What is role of price elasticity of demand in business decision?
role of price elasticity of demand in managerial decisions
What differentiate strategic decision from other types of decisions?
Strategic decisions can be distinguished from other types of decisions because it is:Rare: we dont make strategic decision very often.Consequential: is has a future impact on our business in the long term.Directive and binding: the strategic decision we make today will be directed to certain goal and vision, and we will be committed to it.
What is the plural form of decision?
The plural form of decision is decisions.
Average number of business decisions?
The answer will depend on the context. The average will be influenced byhow large the geographical area,over how long a time period,how broad the scope of what is considered a "business decision",whose decisions are considered.The answer will also depend on whether or not the decisions are implemented or not.
What is programmed decision?
A programmed decision is a repetitive and routine decision that can be resolved using policies, rules, or standard operating procedures. These decisions are typically well-structured and solved through established guidelines without requiring much creativity or judgment.
Importance of decision making?
The importance of decision making is that it helps in planning for the next course of action. In business, good decisions will yield great returns on investment.
