Managers, most business decisions are made under conditions of either risk or uncertainty. In your opinion, is it easier to make a decision under a condition of risk or a condition of uncertainty? Why? Give an example from your experiences to support your answer. Q2, Assume you work for a family owned restaurant, what are some of the typical strengths and weaknesses of a small family owned restaurant? What types of opportunities and threats would be present within each of the dimensions of the general environment?
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