In Deciding on a Product Line, Managers Should Balance Product

question 48

Multiple Choice

In deciding on a product line, managers should balance product requirements with which of the following?

• A) specialty goods
• B) last year's sales
• C) demographics
• D) customer preferences

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Definitions:

Ill-structured Problems

These refer to challenges or issues that lack a clear path to resolution due to ambiguity, incomplete information, or complexity.

High Risk

Situations, activities, or decisions that carry a significant chance of negative or harmful outcomes.

Political Considerations

The influence of organizational politics, power dynamics, and personal agendas on decision-making processes, potentially affecting outcomes and the fairness of decisions.

Perceptual Defence

The tendency for the perceptual system to defend the perceiver against unpleasant emotions.