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The process that consists of identifying alternatives, selecting the best one for the organization, and specifying actions to implement the chosen alternative is known as:

a) Decision-making
b) Problem-solving
c) Strategic planning
d) Operational planning

User Yarian
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1 Answer

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Final answer:

The process described is known as decision-making, which is essential in business and involves evaluating alternatives through a structured decision process including cost/benefit analysis.

Step-by-step explanation:

The process that involves identifying alternatives, selecting the best one for the organization, and specifying actions to implement the chosen alternative is known as decision-making. This process is fundamental in business and requires a structured decision process to evaluate different options effectively. Crucial steps in this process include doing a cost/benefit analysis and comparing the advantages and disadvantages of each option to determine which meets the organization's goals and constraints.

User WhatsUp
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