Decision Making

Concept,  Importance and Steps of decision making. Types of Managerial decisions

Notes

Concept, Importance and Step of Decision Making

Decision-making is the act of making a choice among available alternatives. There are innumerable decisions that are taken by human beings in day-to-day life. In business undertakings, decisions are taken at every step. It is also regarded as one of the important function of management

Types of Managerial Decision

In business undertaking, the manager needs to take different types of a decision to support their duties and responsibilities. Decisions are taken at various levels of management.