Importance of decision making in entrepreneurship
Answers
The decision-making process is one of the most critical processes in your company. Simply, you as an entrepreneur will make decisions about everything. Some decisions are more influential on your overall business processes, but some of them are small decisions without significant effect on your business as a whole.
Answer:
Decision Making: The primary task of an entrepreneur is to decide the policy of production. An entrepreneur is to determine what to produce, how much to produce, how to produce, where to produce, how to sell and' so forth.
Explanation:
10 roles of an entrepreneur
Initiating and leading business activities. ...
Allocating employees' duties. ...
Forecasting business changes. ...
Creating jobs. ...
Identifying business opportunities. ...
Creating and sharing wealth. ...
Improving the standard of living. ...
Taking up and reducing business risk.