Explain the decision making areas of the decision making
Explain the decision making areas of the decision making.
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Given are the important areas of decision making as follows:
Selection of suitable product mix, Replacement decision, Selection of product, Selection of ways of production, shut down the decision, Location decision and Optimum input combination, Allocation of resources. And make or buy decision, Decision upon promotional strategy, Product line decision, Determination of quantity and price, Decision on import and export and Capital budgeting.
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A principal who checks the qualifications of a potential agent before giving the agent a contract is engaging within the process of: (i) signaling. (ii) determining an efficiency wage. (iii) predatory behavior. (iv) screening. (v) discrimination. Q : States the term fixed cost in briefly States the term fixed cost in briefly.
States the term fixed cost in briefly.
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Job applicants make use of polished resumes explaining education, work experience and skills, accompanied from supportive letters of recommendation letters like tools in a process economist’s call: (1) adverse selection. (2) signaling. (3) human
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