Managers, most business decisions are made under conditions of either risk or uncertainty Custom Essay

Managers, most business decisions are made under conditions of either risk or uncertainty. In your opinion, is it easier to make a decision under a condition of risk or a condition of uncertainty? Why? Give an example from your experiences to support your answer. Q2, Assume you work for a family owned restaurant, what are some of the typical strengths and weaknesses of a small family owned restaurant? What types of opportunities and threats would be present within each of the dimensions of the general environment?

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