In Which Step of the Five-Step Decision-Making Framework Does a Manager

question 53

Multiple Choice

In which step of the five-step decision-making framework does a manager decide to follow a cost-leadership rather than a product-differentiation strategy?

• A)Step 1: Identify the Problem and Uncertainties.
• B)Step 2: Obtain Information.
• C)Step 3: Make Predictions About the Future.
• D)Step 4: Make Decisions by Choosing Among the Alternatives.
• E)Step 5: Implement the Decision,Evaluate Performance and Learn.