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A decision-support system is intended to produce information to support which type of decisions?
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.
What else can I help you with?
How information gives you competitive advantage?
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.
What are the major decisions in production?
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?
A free market is one in which decisions about what to produce and in what quantities are made by:
What is the difference between a traditional and market economy?
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.
What is the difference between traditional economy and market economy?
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.
Importance of perfect competition in economics?
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.
What is the intended effect of establishing a powerful theme?
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.
What is an economic system in which individuals make decisions on what to produce called?
Market Economy
What is the purpose of the accounting cycle?
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
What is a centrally run economy?
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.
What is a nation's plan for making decisions on what and how to produce and how to distribute goods and services?
their economic system
In a command economy which factor answers the question of what to produce?
government decisions
