Decision Making Meaning, Definition, Characteristics and Difference
Decision making takes place in adopting the objectives and choosing the means and again when a change in the situation creates a necessity for adjustments
Decision making takes place in adopting the objectives and choosing the means and again when a change in the situation creates a necessity for adjustments
Forecasting is the process of estimating the relevant events of the future, based on the analysis of their past and present behaviour. The future cannot be probed unless one knows how the events occurred in the past and how are they occurring presently.
Sources of recruitment are the means of selecting the candidates for the process of recruitment. Through the sources of recruitment, one gets to know about the availability of several suitable candidates.
In the field of business and management, various types of plans are employed to guide organizations towards their goals and objectives. These plans serve as roadmaps for different levels of management, providing a clear direction and framework for decision making.
Customer service is a measure of the effectiveness of a system’s ability to generate time and place utilities for a product. Effective marketers understand the significance of customer service within the larger context of customer relationship marketing.