Students in Management 101 Sit in the Same Seat Every

question 23

Multiple Choice

Students in management 101 sit in the same seat every class even though seats are not assigned.This is an example of a ____ decision.

• A)programmed
• B)satisficing
• C)rational
• D)nonprogrammed
• E)financial

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Definitions:

Strategic Management

The ongoing planning, monitoring, analysis, and assessment of all necessities an organization needs to meet its goals and objectives.

Competitive Advantages

Unique attributes or capabilities that allow a company to outperform its competitors, including superior products, processes, or technologies.

Intangible

Describes assets or values not having physical substance but still of great importance, such as brand reputation, intellectual property, or goodwill.

Market-Based View

A strategic perspective that emphasizes the importance of external market conditions in developing a firm's strategy.