Intuitive Decision Processes Would Work Best When Which of the Following

question 65

Multiple Choice

Intuitive decision processes would work best when which of the following factors were dominant:

• A) managers can use networked computer databanks for analysis.
• B) there are few alternatives available.
• C) experience with similar decisions is extensive, and has been successful.
• D) a manager must make the decision alone.

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Definitions:

New Products

Goods or services that have been recently developed or introduced to the market.

Production

The process of creating goods and services through the combination of labor, materials, and technology.

Entrepreneurs

Individuals who organize, manage, and assume the risks of a business or enterprise, often introducing new products or services.

Production Techniques

The methods or processes used in the creation or manufacture of goods and services.