Business decision-making is an economic

process
In general as we know all the activities which are done for earning profit and are legal
according to the court of law are called business. Organizations involving economic
activities like transactions of money in or out are called economic business the decisions
taken for promoting, managing and survival of any business is in reality an economic
process. It is a vivid and obvious matter that the decisions taken for a business
organization are for the betterment and survival and economical growth of the business
since they are based on economy so the decision would be favorable and in-est. with the
economical improvement of the business.

This decision may focus on the following terms.

We make Decisions to assess the organization’s strengths/ weaknesses.
We make Decisions to determine the business opportunities/ threats to business.
We make Decisions to develop strategic plans for the company.
We make Decisions to develop long term/short term plans.
We make Decisions to develop a vision for the organization.
We make Decisions to develop a mission statement for the organization.
We make Decisions to develop business objectives for the organization.
We make Decisions to develop business strategies for the organization.
We make Decisions to develop the action/ implementation planning
guidelines, which provides the platform for
It assists to set up and develop organization and staffing.
It assists to set direction for the organization approach.
It assists to select the right leadership
It assists to select / set the most appropriate control.

From the all key points mentioned above you we can easily conclude that business
decisions are done for stabilizing and even improving the monitory assets and good well
of the business organization and it so that all the decisions made in an business are based
on economy and economical factors so the decisions are concluded to Economic.