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What are the five types of business decisions?

      

What are the five types of business decisions?

  

Answers


Monica
i) Programmed Decisions ….These are standard decisions that always follow the same routine. As such, they can be written down into a series of fixed steps that anyone can follow. They could even be written as a computer program
ii) Non-Programmed Decisions. These are non-standard and non-routine. Each decision is not quite the same as any previous decision.
iii) Strategic Decisions. These affect the long-term direction of the business e.g. decisions about mergers and takeovers.
iv) Tactical Decisions. These are medium-term decisions about how to implement strategy e.g. what kind of marketing to have, or how much extra staff to recruit.
v) Operational Decisions. These are short-term decisions (also called administrative decisions) about how to implement the tactics e.g. which firm to use to make deliveries.

Chatelaine answered the question on June 16, 2021 at 06:11


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