In Step Five of the Decision-Making Process, Each Alternative Is

question 41

Multiple Choice

In step five of the decision-making process, each alternative is evaluated by appraising it against the ________.

• A)subjective goals of the decision maker
• B)criteria
• C)assessed values
• D)implementation strategy
• E)discrepancy status

---

Definitions:

Value Creation

The process by which goods or services are provided that offer value to customers, thereby generating benefit to the producer or provider.

Comparative Advantage

a principle of economics that states a country or entity should produce goods and services for which it has a lower opportunity cost than its trade partners.

Specialization

involves focusing on a narrow range of products or services to gain efficiency and improve competitive advantage.

Exchange

The act of giving one item in return for another, often seen in finance and trade as the swapping of goods, services, or financial instruments.