Explain the Five Advantages of Using a Group to Make

question 104

Essay

Explain the five advantages of using a group to make a decision.

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Definitions:

Databases

Structured collections of data or information typically stored electronically in a computer system, utilizing software to manage, update, and retrieve the data efficiently.

Street Maps

Visual representations of geographical areas showing roads, buildings, and various landmarks, used for navigation.

Location Decisions

The process of choosing a geographical site for a company’s operations, facilities, or stores based on factors such as cost, customer proximity, and infrastructure.

Factor Rating Method

A technique used in operations management and decision-making, where various factors are rated and combined to form a composite score for comparing different options or decisions.