business decisions Flashcards
1
Q
what are strategic decisions
A
they are long term decisions made in order to meet objective of a business
2
Q
what are tactical decisions
A
short term steps taken to achieve strategy
3
Q
effect on human resources
A
make sure it has enough people with right skills to implement decisions
4
Q
effect on physical resources
A
makes sure it has capacity and equipment to make decisions
5
Q
effect financial resources
A
sufficient finance to provide investment and working capital to fulfill plans
