The Process by Which Managers Respond to Opportunities and Threats

question 44

Multiple Choice

The process by which managers respond to opportunities and threats that confront their organization by analyzing options and taking actions is known as:

• A)Heuristics
• B)Intuition
• C)Decision making
• D)Bounded rationality
• E)Systematic error

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Definitions:

E-commerce Website

A website that allows people to buy and sell goods and services over the internet.

B2B Model

Stands for Business-to-Business model, a type of transaction or business conducted between two companies, such as wholesaler and retailer, rather than between a company and individual consumer.

Emperor Penguin Colony

A group of emperor penguins that live together in a specific location, often characterized by their breeding and social behaviors.

School Project

An educational assignment given to students, designed to assess their understanding and skills in a particular subject or topic.