What is business decision ?
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Answer:
A business decision, sometimes called an operational decision, is any choice made by a business professional that determines short-term or long-term company activities.
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Business decisions are the decisions regarding business operations.
Explanation:
- Business decisions are the decisions that are entirely relevant to the operations of a business.
- Business decisions might range from the decision regarding what product to manufacture and from where to borrow funds.
- The amount of dividends to be paid to the shareholders, the decision of diversification of product line, opening another branch, etc all our business decisions.
- The people taking the business decisions are generally at higher posts in management of a business and highly qualified.
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