ECONOMICS

Detailed explanation-1: -The review stage is the last step of the decision-making process here, you will evaluate whether or not the specific outcome resolved the problem or opportunity you identified initially.

Detailed explanation-2: -The 6 ‘C’s-character, capacity, capital, collateral, conditions and credit score-are widely regarded as the most effective strategy currently available for assisting lenders in determining which financing opportunity offers the most potential benefits.

Detailed explanation-3: -Step 6: Select the Best Alternative After a careful evaluation of alternatives, you must choose a solution. You should clearly state your decision so as to avoid confusion or uncertainty.