Tag Archives | Difference

Difference between Horizontal and Vertical Integration

This article will help you to learn about the difference between horizontal and vertical integration. Difference between Horizontal and Vertical Integration Horizontal Diversification (Integration) 1. Nature: In horizontal diversification, two businesses, similar or dissimilar, join together. 2. Size of operations: Horizontal diversification enlarges the scope of operations and, thus, provides economies of scale. 3. Flexibility: Failure of one business does [...]

By |2023-02-20T00:13:52+05:30August 9, 2016|Difference Between|Comments Off on Difference between Horizontal and Vertical Integration
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Differences between Individual and Group Decisions

This article will help you to learn about the difference between individual and group decisions. Differences between Individual and Group Decisions Difference - Individual Decisions 1. Decisions are taken by a single individual. 2. Individual decisions are less costly. 3. They are based on limited information gathered by managers. 4. Individual decisions are taken in situations of crisis or emergency. [...]

By |2023-02-20T00:19:39+05:30August 9, 2016|Difference Between|Comments Off on Differences between Individual and Group Decisions
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Differences between Rational and Non-Rational Models

This article will help you to learn about the difference between rational and non-rational models of decision-making. Differences between Rational and Non-Rational Models Difference -  Rational Models of Decision-Making 1. Rational models are normative. 2. They are theoretical or unrealistic in nature. 3. Rational models follow deterministic approach to problem-solving. 4. They believe there exists the optimum situation for decision-making. [...]

By |2023-02-20T00:22:07+05:30August 9, 2016|Difference Between|Comments Off on Differences between Rational and Non-Rational Models
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