ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Make a plan
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Develop solutions or courses of action
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Outline how to carry out your decision
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None of the above
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Detailed explanation-1: -Step 1: Identify the decision You realize that you need to make a decision. Try to clearly define the nature of the decision you must make. This first step is very important.
Detailed explanation-2: -First, the alternative should match the goals and objectives of the business. Second, the alternative should match the current assessment of the strengths of the business. Third, market opportunities need to exist for the products. Lastly, the product should be able to be made efficiently and effectively.
Detailed explanation-3: -Step 1: Identify and define the problem. State the problem as clearly as possible. Step 2: Generate possible solutions. Step 3: Evaluate alternatives. Step 4: Decide on a solution. Step 5: Implement the solution. Step 6: Evaluate the outcome.
Detailed explanation-4: -Don’t let stress get the better of you. Give yourself some time (if possible). Weigh the pros and cons. Think about your goals and values. Consider all the possibilities. Talk it out. Keep a diary. Plan how you’ll tell others. More items