When Assessing the Appropriateness of a Decision Option,managers Should

question 53

Multiple Choice

When assessing the appropriateness of a decision option,managers should:

• A)consider its impact on the organization as a whole.
• B)think narrowly about the one department most affected by the decision.
• C)disregard the practicality of the options available.
• D)choose the option that partially addresses the problem.
• E)limit the evaluation to objective procedures.

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Definitions:

Low Market Growth Rates

Situations in which the increase in sales or size of a particular market is slower than average.

Relative Market Shares

A measure of a company’s sales in relation to the sales of its competitors, indicating the firm’s competitiveness in the market.

Question Marks

Products or businesses with high growth potential but also high risk due to uncertain market acceptance or competitive positioning, often found in portfolio analyses.

High Market Growth Rates

Periods when a particular market or industry experiences significantly higher than average increases in sales or revenue.