The process of choosing between the alternative options available to a business.

• A. Strategy
• B. Decision-making framework
• C. Decision-making
• D. Planning tools

Answer: (C)

Decision-making is about choosing one course of action from several options. In business, this means spotting a problem or opportunity, generating alternatives, weighing up costs, benefits, and risks, and then selecting and implementing the option that best fits the firm’s goals and resources. This is the activity that turns information into action and drives how resources are allocated. Strategy describes the long-term direction, planning tools are used to organize tasks and schedules, and a decision-making framework is the method or steps used to approach decisions; none of these by themselves are the act of selecting among options.