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1. what methods used and how to apply such methods in solving the decision problem on real estate investment.?
2. what tools to be used in solving the decision problem?
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Question 1: Methods Used in Business Decision Analysis
Business decision analysis is crucial in any form for making of the right choices often results in success, while the wrong ones result in failure. Some methods are used to make decisions in business. The methods used include;
All these techniques are essential, and one should choose carefully the best one to be used when making the decision concerning investing in a real estate business.
Question 2: Tools to Be Used in Solving the Decision Problem
There are a number of tools which can be used in solving the decision problem.
In conclusion, business decision-making analysis involves choosing the best technique applicable to the problem in order to come up with the best solution possible. It is important to note that, when the best technique and tool is used to make decisions, success is likely to be met. From, the number of techniques outlined above, cost-benefit analysis is the best technique to be used if the problem is demanding like the real estate investment.
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