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Why is decision-making important in business?

Answer and explanation

Correct answer: To choose the right step at the right time

Decision-making is necessary because a business must regularly choose what to buy, produce, sell, or improve. A timely and informed choice can use resources better, respond to customers, and reduce avoidable loss. Waiting forever prevents action, hiding information weakens judgement, and avoiding customers removes useful market knowledge. Therefore, option A is correct.

Related tags

Decision MakingBusiness SkillsEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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