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Discuss the steps of the decision-making process

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1. Discuss the different roles played by the qualitative and quantitative approaches to managerial decision making. Why is it important for a manager or decision maker to have a good understanding of both of these approaches to decision making?

2. List and discuss the steps of the decision-making process.

3. What are the advantages of analyzing and experimenting with a model as opposed to a real object or situation?

Reference no: EM132942997

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