Question

The directors of X-lam Inc., a manufacturer of electric water heaters, meet to discuss ways to increase their net profit. They decide to manufacture electric toasters and thus invest in a new product line. This investment is an example of a(n) ________ decision.

Answer 1

Answer:

Strategic decision

Explanation:

$Strategic decision$ is the way toward outlining a course dependent on long haul objectives and a more drawn out term vision. By explaining your organization's large picture points, you'll have the chance to adjust your shorter term plans with this more profound, more extensive strategic your tasks clearness and consistency.  

It is expected to give an upper hand and attempt to alter the general degree and course of the organization