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Which of the following is a reason why managerial decision making is challenging? Managers must apply sophisticated analysis
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Answer #1

Fourth option is correct

Managers deal with forecasting because they have limited information about the market demand and supply. Forecasting can turn ineffective if there are forecasting errors due to lack of information. Hence strategic decision making requires ample amount of data available which is not possible in managerial decision making making it difficult to take decision.

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