ECONOMICS (CBSE/UGC NET)

ECONOMICS

DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is an example of an everyday decision
A
choosing a car
B
figuring out how to resolve a conflict with a friend
C
deciding whether or not to have dessert
D
considering whether or not you should buy a new computer
Explanation: 

Detailed explanation-1: -Decision making can also be classified into three categories based on the level at which they occur. Strategic decisions set the course of organization. Tactical decisions are decisions about how things will get done. Finally, operational decisions are decisions that employees make each day to run the organization.

Detailed explanation-2: -These might include choices about where to live; what to do; working and learning; how to spend money; and who to have friendships and relationships with.

Detailed explanation-3: -Facilitating a brainstorming session to decide on a new product feature. Choosing a candidate to give a job offer to. Collecting feedback from team members to ideate a new team workflow. Researching market trends to understand how they’ll impact company strategy. More items •03-Aug-2022

Detailed explanation-4: -strategic. tactical. operational.

There is 1 question to complete.