Accountancy, asked by bethelhem, 7 months ago

explain the three type decision and scope of decision

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Answered by sriyansu26
2

Answer:

three major types: consumer decision making, business decision making, and personal decision making.

Consumer decision making process involves the consumers to identify their needs, gather information, evaluate alternatives and then make their buying decision. ... The consumer decision making behavior is a complex procedure and involves everything starting from problem recognition to post-purchase activities.

The business decision-making process is a step-by-step process allowing professionals to solve problems by weighing evidence, examining alternatives, and choosing a path from there. This defined process also provides an opportunity, at the end, to review whether the decision was the right one.

Personal Decison‐Making Styles. Managerial decision making depends on many factors, including the ability to set priorities and time decisions correctly. However, the most important influence on managerial decision making is a manager's personal attributes or his or her own decision‐making approach.

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