Business Management
Instructions
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Answer
DECISION MAKINGNameInstitutionDateIntroduction The business world can be a very competitive place where every action is followed up by a chain of reactions. A business gains a client, it increases its revenues and expands, while on the other side, if it loses a client, revenues may drop, especially when it is small and implications have to be faced. This discussion uses a case example, t shed light on the latter, and from which key insights about the running of a small business and its decision-making model will also be expounded on. The case example. In this case, a small business where I work has lost a major client, and this means that revenues are bound to drop in the near future. Because of the same, tough decisions have to be made, and one of them is laying off or five workers f the...
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