based on grade social science teachers guide, identify decision makers of businesses

Answer 1

The decision makers of businesses can vary depending on the size and structure of the company. However, common decision makers in businesses include:

1. Owners/Entrepreneurs: Those who have started or own the business are typically involved in making major decisions about the direction and strategy of the company.

2. Board of Directors: For larger companies, a board of directors is responsible for overseeing the management of the business and making important decisions.

3. Chief Executive Officer (CEO): The CEO is typically the top executive in a company and is responsible for making strategic decisions and setting the overall direction of the business.

4. Management Team: This includes top executives such as the Chief Financial Officer (CFO), Chief Operating Officer (COO), and Chief Marketing Officer (CMO) who are responsible for managing various aspects of the business.

5. Department Heads: Managers of different departments within the company, such as sales, marketing, operations, and human resources, are also decision makers responsible for implementing strategies in their respective areas.

6. Shareholders: In publicly traded companies, shareholders have a say in major company decisions through voting on issues at annual meetings.

7. Customers: While not typically considered traditional decision makers, customer preferences and feedback can influence the direction and decisions made by businesses.