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S3 Exam revision

QuestionAnswer
What are the four factors of production? Land Labour Capital and Enterprise
What is a strategic decision? A strategic decision is a decision about where the business wants to be.
Distinguish an operational decision with a tactical decision. An operational decision is day to day decisions made in response to minor problems whereas a tactical decision is how to achieve the startegic decisions of the organisation.
What are four types of information? written, oral, pictorial and graphical.
Created by: McAllisterR1
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