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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)
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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.
Managers at this level must often depend on past experiences and their instincts when making strategic decisions.
TRUE
TRADITIONAL ECONOMY decisions of what,how,for whom are determined by customs ,habits and rituals of the ancestors.people are not free to make decisions as t hey abide by the layd out customs. command economy where a central authority makes most of the decisions ie what,how and for whom decisions e.g the soviet union countries.market economy where by people &firms make for what,how &for whom decisions.
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The traders in the stock market are important as they essentially control the share price which is determined by share holders. The traders can often influence the market with their purchasing decisions as a whole.
Often a major decisions leads to several smaller ones, sometimes called satellite decisions.
spontaneously
Decisions to close schools is often determined by what condition the roads are in during snow and ice storms. Officials might also close schools for other weather-related emergencies, power failure, etc.
There are many decisions that humans are faced with on a daily basis. There are some that are personal decisions whereas there are others that are professional decisions. It is usually advised to consult widely before making certain decisions.
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)
The Elders, who are the community's wise men, are those whom Theban King Creon assembles in the beginning of the first scene. He makes decisions on his own as the ruler of Thebes. But he needs to keep the Elders informed of his decisions, after if not before the fact.
brown v. board of Which_decision_by_the_Warren_Court_determined_that_separating_children_by_race_in_schools_was_unconstitutional.Ryan
Gold
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