The Tendency of Organizations to Invest Time and Money in a Solution

question 167

Multiple Choice

The tendency of organizations to invest time and money in a solution despite strong evidence that is not appropriate is referred to as:

• A) technological decisions.
• B) collective intuition.
• C) decision learning.
• D) team delay.
• E) escalating commitment.

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Definitions:

3PL

Third-party logistics, which refers to the outsourcing of supply chain functions and logistics to an external service provider.

Multiple-Channel Distribution

The use of two or more different types of channels to distribute a company's products or services to its customers, such as online, retail, and wholesale channels.

Complementary Functions

Activities or services that add value to or enhance the effectiveness of primary products or services.

Parallel Channels

Distribution channels that run alongside each other, offering products and services to the same market segments but through different pathways or intermediaries.