The Five Steps of Strategic Decision Making Include All of the Following

question 44

Multiple Choice

The five steps of strategic decision making include all of the following except:

• A)Based on strategy and analysis, choose and implement the desired alternative.
• B)Identify the alternative actions.
• C)Determine the strategic issues surrounding the problem.
• D)Select the proper cost management technique.
• E)Provide an ongoing evaluation of the effectiveness of the decision.

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Definitions:

Logistics

Those activities that focus on getting the right amount of the right products to the right place at the right time at the lowest possible cost.

Buying Center

A group of individuals within an organization who are responsible for making purchasing decisions, including users, influencers, deciders, approvers, and gatekeepers.

Decider

An individual or group responsible for making the final decision in a purchasing process, often holding the authority to approve significant business transactions.

Routine Orders

Regular or scheduled orders placed by businesses or individuals to ensure a consistent supply of products or services.