Vigilance in Decision Making Means

question 129

Multiple Choice

Vigilance in decision making means

• A)the manager closely watches over those responsible for implementation.
• B)the manager has carefully and conscientiously completed all stages in the decision making process.
• C)the manager has been monitored during the decision making process.
• D)the employees monitor the implementation carefully.
• E)the employees have been monitored relative to the utility of the decision.

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Definitions:

New-product Strategy Development

The overall process and planning involved in identifying market opportunities and creating new products to fulfill those opportunities.

Firm's Overall Objectives

The broad, general goals of a business organization, encompassing profitability, growth, market share, and brand reputation among others.

Commercialization

The process of introducing a new product or service into the market, involving activities from development to sales.

Market Testing

The process of evaluating the viability of a new product or service through trials in specified market areas.