Economics

Discuss how a small or medium-sized enterprise would analyse the decision-making to expand into another domestic markets by using the company as a context, and address the following elements:

1. Describe the issue as it relates to that company. Use specifics to provide the issue with a context.

2. Discuss the factors involved when making a decision.

3. Which decision-making model would be the most appropriate?

4. Which decision-making style would be a good fit for a given situation?

5. What are some mental shortcuts pitfalls to avoid?

6. Present a plan to address the issue.