Busıness Decısıon Models Deneme Sınavı Sorusu #1404240

What is the first step in the decision-making process?


Defining the problem

Establishing objectives

Listing all possible decision alternatives

Identifying the possible outcomes for each decision alternative

Identifying the pay-off matrix for each combination of alternatives 


Yanıt Açıklaması:

The first step in the decision-making process is to define the problem. Perhaps this is the most important and most difficult part of the process. At this step, it is very important to describe the problem statement clearly and concisely.

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