Which of the Following Is an Intuitive Decision-Making Model

question 20

Multiple Choice

Which of the following is an intuitive decision-making model?

• A) Fishbone model.
• B) SWOT model.
• C) Clinical judgement model.
• D) Bounded rationality model.

Identify the role and construction of performance metrics and targets within organizational strategy.

Differentiate between leading and lagging indicators.

Recognize the impact of cognitive biases on strategic decision-making.

Comprehend the structure and function of a strategy map.

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Definitions:

Product

An item or service created for sale or use, offering value to customers.

Marketing Mix

An assortment of controllable variables by a company aimed at encouraging customers to buy its offerings, namely product, price, place, and promotion.

Vending Machine

A machine operating automatically that dispenses products like snacks, drinks, and various items to customers once they input money, use a credit card, or insert a purpose-made card.

Marketing Mix

A blend of elements under a company's control designed to motivate purchases by consumers, often referred to as the product, price, location, and advertising.