Five steps involved in managerial decision making

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Reference no: EM1333115

1. Identify the five steps involved in managerial decision making.

2. What is the difference between an opportunity cost and a sunk cost?

3. Discuss the source of power that results from control over decision-making processes and information.

4. What are the elements that influence consumers' decision-making? Provide an example of a product that influences senior men or women?

Reference no: EM1333115

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