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Rational choice
A type of cost-benefit decision making that compares the extra benefits to the extra costs of an action
Marginal analysis...
analysis of demand contribute to business decision making
basic economic tools in manaregial economics
Rational choice
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A type of cost-benefit decision making that compares the extra benefits to the extra costs of an action
Marginal analysis...
Marginal analysis...
Marginal costing is one of the technique of costing and is usefull for the decision making process. As in decision making process decision are always made for the future activities and not for past activities so if exept marginal costing any other costing method for example absorption costing method is used then there is a chance of making wrong decisions as in future decision making past decision and past data is not relevent for decision making.
System analysis can not completely alter how people in the decision-making process relate. Also, it is only effective where a close relationship exists between decision-maker and analyst.
analysis of demand contribute to business decision making
Importance of financial ratio analysis on investment decision making?
What is SWOC analysis and explain its relevance to business decision making
What is SWOC analysis and explain its relevance to business decision making
basic economic tools in manaregial economics