ECONOMICS

Detailed explanation-1: -Decision making is a process through which managers identify and resolve problems and capitalize on opportunities. Identifying a decision, acquiring information, and evaluating possible remedies are all steps in the decision-making process.

Detailed explanation-2: -Problem solving is the act of defining a problem; determining the cause of the problem; identifying, prioritizing, and selecting alternatives for a solution; and implementing a solution.

Detailed explanation-3: -Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.

Detailed explanation-4: -Decision making is the process by which managers respond to opportunity and threats by analyzing options and making determinations about specific organizational goals and courses of action.

Detailed explanation-5: -organise-having resources ready and putting plan into action. command-ensuring employees are working. co-ordinate-making sure all departments work together to achieve the end goal or objective. control-checking the effectiveness and efficiency of the proposed plan.