Explain the steps in the decision model

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Reference no: EM133038550

1. Discuss each of the 5 steps in the decision model

Step 1: Obtain Information

Step 2: Make prediction about future costs

Step 3: Choose an alternative

Step 4: Implement the decision

Step 5: Evaluate the performance

2. Differentiate Incremental cost and revenue from differentiated cost and revenue.

Reference no: EM133038550

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