Why Are Decision Trees Useful to Managers Who Plan Business

question 65

Multiple Choice

Why are decision trees useful to managers who plan business strategies?

• A)Decision trees explain the level of concentration in an industry.
• B)Decision trees can be used to increase the amount of product differentiation; this enables managers to charge higher prices for their products.
• C)Decision trees provide a systematic way of thinking through the implications of a strategy.
• D)Using a decision tree always leads to a dominant strategy.

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Definitions:

Extraversion

Extraversion is a personality trait typified by outgoingness, high energy, and sociability.

Positive Emotions

encompass feelings that are pleasant or desirable, such as happiness, joy, love, and enthusiasm.

Outgoing

Characterized by an extroverted, sociable, and enthusiastic behavior toward others.

Conventional

Adhering to accepted standards and norms; traditional or typical in style or behavior.