Some of the Serious Business Consequences That Occur Due to Using

question 229

Multiple Choice

Some of the serious business consequences that occur due to using low-quality information to make decisions are all of the following except:

• A) Inability to accurately track customers
• B) Inability to identify selling opportunities
• C) The success of the organization depends on appreciating and leveraging the low-quality information
• D) Lost revenue opportunities from marketing to nonexistent customers

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Definitions:

Dominant Strategy

A strategy in a game theory scenario where one option is best regardless of what an opponent decides to do.

Store Expansion

The process by which a retail business opens additional locations or increases the size of existing ones to reach more customers or offer more products/services.

Dominant Strategy

In game theory, a strategy that is the best choice for a player, no matter what the other players do.

Drug Dealers

Individuals or entities involved in the illegal trade of controlled substances.