A Manager Who Desires to Minimize His or Her Maximim

question 62

Multiple Choice

A manager who desires to minimize his or her maximim "regret" will opt for a ________ choice.

• A)maximum
• B)multimax
• C)minimin
• D)minimax

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Definitions:

Strategic Marketing Process

The approach that a business takes to develop and implement effective marketing strategies that align with its overall objectives and meet customer needs.

Implementation

Implementation refers to the process of putting plans, strategies, or ideas into action in order to achieve specific goals or objectives.

Evaluation

The process of assessing or examining something to determine its value, significance, or condition.

Geographical Groupings

The classification of market segments or data based on geographic boundaries or locations, such as countries, states, or cities.