Mind map
Decision Trees
Map content
Decision Trees
visual representation of a firms possible choices/options
L3
- helps make choices
- good visual method to show variety
- management have to consider risks and profits
L4
- probabilities and profit projections are estimates only
- process can be quite time consuming
- diagrams can become unmanageable for complex decisions
- needs other inputs before a decisions is made
Information
- Description
- GCSE Business (Unit 4) Mind Map on Decision Trees, created by beccehjane on 12/06/2015.
- Created by
- beccehjane
- Views
- 0
- Rating