Nonprogrammed Decision-Making Forces Managers to Rely on Judgment, Intuition, and Creativity

question 93

True/False

Nonprogrammed decision-making forces managers to rely on judgment, intuition, and creativity to solve organizational problems.

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Definitions:

Customer Power

The influence that customers have over a business or market, often demonstrated through their ability to drive trends, decide the success of products or services, and command attention to their needs and preferences.

Internet

The Internet is a vast network that connects computers all over the world, allowing them to communicate and share information through standardized protocols.

Substitute Products

Products that can be used in place of others to satisfy the same needs or desires, often influencing consumer choices and market competition.

Rivalry Among Firms

A situation where companies compete against each other in the same industry for market share, profits, and customer loyalty.