Examlex
The KISS rule advises a salesperson to:
Sequence of Decisions
A series of choices made over time, where the outcome of one decision impacts the choices available in the next decision.
EMV
Expected Monetary Value, a concept used in decision-making under uncertainty, representing the sum of possible outcomes weighted by their respective probabilities and monetary values.
Decision Tree
A decision tree is a graphical representation used to visualize the choices in a decision-making process, their possible outcomes, chance event results, and resource costs, aiding in analysis and planning.
Graphic Representation
A visual method of displaying information or data, such as charts, diagrams, or maps.
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