Which of the Following Is an Example of Using the Modeling

question 6

Multiple Choice

Which of the following is an example of using the modeling system of a DSS?

• A) To enable brand managers to make better marketing mix decisions.
• B) To help bankers make stronger credit decisions.
• C) To guide managers when they make new product development decisions.
• D) To assess alternative marketing plans for motion pictures before they are released.
• E) All of the above are valid examples.

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Definitions:

Tariffs

Taxes imposed by a government on imported goods and services to restrict imports or generate revenue.

Import Quotas

Restrictions set by a country on the quantity of goods that can be imported within a certain time frame to protect domestic industries.

Domestic Employment

The total number of people employed within a country's borders, reflecting the health of the economy and labor market.

Services Abroad

The provision of services by a country or business to clients or customers located in other countries.