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What is Tactical Decision Making in Business about?

Tactical decision making involves choosing between two or more alternatives given certain conditions to gain a long-term competitive advantage. Managers must consider both qualitative and quantitative factors when making tactical decisions. Relevant information focuses on data related to the specific decision while avoiding information overload. Relevant costs differ between alternatives and can be avoided or reduced by choosing one option, while irrelevant costs remain the same across alternatives or have

Author

Nizam Jewel

Language

EN