Business terms and jargon explained. Your business dictionary
What is Rational Decision
This is a decision that is made based on logic and sound reasoning of the facts. It can be argued that this may not be the best decision based on what facts that they do not know. Others prefer to base some of their decisions on their gut and instinct.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.