What Are the Aims of the Contingency School

question 9

Multiple Choice

What are the aims of the contingency school?

• A) It depends on the situation
• B) All kinds of objectives
• C) More on financial results and market share
• D) No clear aims or objectives

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Definitions:

Five-step Model

A structured approach or framework divided into five sequential steps to accomplish a task or solve a problem.

Programmed Decision-making

Decision-making methods that follow established processes or rules, often for routine or repetitive decisions.

Nonprogrammed Decision-making

The process of making decisions in response to unique, novel, or ill-structured situations that require creativity and judgment.

Product Innovation

The creation and introduction of new or significantly improved goods or services in the market.