The Ability to Improve Decision Making by Using "What If

question 1

True/False

The ability to improve decision making by using "what if" analysis is a characteristic of a marketing information system.

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Definitions:

Organizational Objectives

The specific goals a company or an organization aims to achieve, which guide its internal and external strategies and decisions.

Supply Strategy

A comprehensive plan detailing how a company will manage and optimize its resources, procurement, and partnerships to meet its supply chain goals.

Mitigation Strategy

Plans or actions taken to reduce the severity, impact, or likelihood of an undesirable event or risk.

Identify Risks

The process of recognizing and defining potential threats that could negatively affect an organization's ability to operate.