explain how an organisation uses different quantitatives techniques to support business decision making
explain how an organisation uses different quantitatives techniques to support business decision making
Chapter18: Management Of Technology And Innovation
Section18.6: Skills Needed For Mti
Problem 3CC: What forecasting techniques are used in the management of technology and innovation?
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using example calculations, explain how an organisation uses different quantitatives techniques to support business decision making
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Step 1
Almost every organization makes decisions on a daily basis. These decisions depend on the scope and the nature of work. A decision is a course of action that is used for achieving specific results.
A manager has to choose from wide options that are available for every task. Every decision has its own consequences, so choosing the right option is important.
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