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Peter F Drucker rightly said that - What ever a manager does, he does it through

decision-making. In brief, decision-making is the essence of management.

ROBERT B. ANTHONY described three levels of business activities i.e.

• Top-level management: – Policies, Plans, Budgets, Objectives / Goals


• Middle level management: – Revenue, Costs, Profits, Schedules, and
Measurements
• Lower level management: - Goods, Services, Performance.

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