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The recognition of the decision requirement step in the managerial decision making process requires managers to:
Self-concept
An individual's perception of self, including beliefs, feelings, and thoughts about one's identity and attributes.
Work
The exertion of effort towards achieving a goal, which can include employment as well as other forms of productive activity.
Service-based Economy
An economy that is primarily focused on the provision of services rather than the production of goods.
Industrialized Nations
Countries that have highly developed industries and infrastructure, often characterized by a high standard of living.
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