What is SWOC analysis and explain its relevance to business decision making
What is SWOC analysis and explain its relevance to business decision making
the application of economic science in business decision making is all pervasive.more specifically, economic laws and tools of economic analysis are now applied a great deal in the process of business decision making. this has led,asmentioned earlier, to the emergence of a separate branch of study colled managerial economics.
Please explain the relevance of your complaint.
business office provides help to take right decision at the right time.
relevance to corporate strategy and corporate governance
relevance of traditional governance to present sytem of governance in Africa
Please give me the brief answer for " Explain hw management information systems can be effectively used fo various decision making purposes in a management concern?
So as to take proper record of the business. This is aimed at knowing the rate to which such business is growing. It helps in decision making: Proper decision can only be effective with the aid of proper book of account. Determinant of Profit or loss: This is to ascertain whether a business is running on a profit or loss level.
In business, quantitative methods help the management and the decision makers to have quantifiable estimates of certain decisions. For example, a business can estimate the effect of doubling capital input or borrowing certain loans.
Step1: Recognize your need. Step2: Recognize the product which full fills your need. Step3: Evaluate Alternative. Step4: Make Decision Step5: Post purchase Decision.
Explain Managerial economics is economics applied in decision making?
explain what ethical decision making entails in ideal forms