ECONOMICS
DECISION MAKING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Diversify product offering over the next 10 years
|
|
|
Decide on appropriate premises for new stores to be opened
|
|
|
Close stores in EU after Brexit
|
|
|
None of the above
|
Detailed explanation-1: -Tactical Decisions means decisions that determine the objectives to satisfy the goals set by strategic decision makers, usually made by designees of the strategic decision makers, including command or general staff within the incident command system.
Detailed explanation-2: -The Tactical Decision-Making Process is the military version of the decision-making process tailored to the unique needs of the military. TDMP consists of four essential steps: Mission Analysis, Course of Action Development, Course of Action Analysis/Comparison, and Decision & Execution.
Detailed explanation-3: -departmental, or individual levels than the overall firm level. Tactical decisions are also called. functional level decisions as these decisions are related to financing, investing, and human. resources of the firm. Generally, tactical decisions are made by senior managers of the firm.
Detailed explanation-4: -1] Making routine choices and judgments. When you go shopping in a supermarket or a department store, you typically pick from the products before you. 2] Influencing outcomes. 3] Placing competitive bets. 4] Making strategic decisions. The constraint of decision making research.