Which of the Following Is a Suitable Course of Action

question 65

Multiple Choice

Which of the following is a suitable course of action that Capricus Leathers should initiate?

• A)It should make a heavy resource investment to rescue Tango.
• B)It should open new production facilities to fuel the growth of Tango.
• C)It should withdraw both the products and introduce a new brand in the market.
• D)It should increase the production of both the products to gain more market share.
• E)It should phase out Tango if it is not needed to complement Indigo.

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Definitions:

Rational Decision-making Model

A systematic, step-by-step approach to decision making that aims to make logically sound decisions by carefully considering all available information and potential outcomes.

Not-invented-here Bias

The tendency to dismiss or not value products, research, standards, or knowledge because they originate from an external source.

Satisficing

A decision-making strategy that aims for a satisfactory or adequate outcome, rather than the optimal solution, especially under conditions of uncertainty or limited resources.

Perfectly Rational

A theoretical concept in which an individual is assumed to make decisions that maximize their utility based on complete information.