Decision making may be classified under various categories based on the scope, importance and the impact. Decisions have been classified by various authorities in various ways. Some of the types of decision making are:- 1. Programmed Decisions 2. Non-Programmed Decisions 3. Operational Decisions 4. Organizational Decisions 5. Personal Decisions 6. Routine Decisions 7. Strategic Decisions 8. Policy Decisions 9. Operating [...]
An entrepreneur adopts the various methods of evaluating the investment while making the decision. These methods can be classified into two major categories: (i) Traditional Investment Approaches. (ii) Modern Investment Approaches. Traditional Investment Approaches: The traditional methods of investment evaluation are based on three main assumptions: (a) The profit making is the only objective of the firm, (b) The investors [...]
Problem of decision making for investment is closely related with the size of firm, and maximisation of profit. What should be the optimum size of the firm is problem with which our present day industry is faced. A.G. Robinson while discussing optimum size of the firm has said that "It is a firm in which existing condition of technique and [...]