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Identify five steps involved in managerial decision-making

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Reference no: EM131727155

Discussion: Managerial Decision Making

1. Identify the five steps involved in the managerial decision-making process. Identify some qualitative factors that should be considered when making managerial decisions.

2. Why are sunk costs irrelevant in deciding whether to sell a product in its present condition or to make it into a new product through additional processing?

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Reference no: EM131727155

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