List Three Questions Managers Should Consider When Deciding Whether to Drop

question 138

Essay

List three questions managers should consider when deciding whether to drop a product or a business segment.

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Definitions:

Information Processing

The view in which cognitive processes are compared to the functions of computers. The theory deals with the input, storage, retrieval, manipulation, and output of information. The focus is on the development of children’s strategies for solving problems—their “mental programs.”

Theoretical Orientation

A specific set of beliefs, attitudes, and practices that guide a therapist or counselor in their approach to understanding clients' issues and helping them.

Deductive Logic

A method of reasoning from one or more statements (premises) to reach a logically certain conclusion, based on the principle that if the premises are true, the conclusion must be true.

Formal Operational

This refers to the final stage in Piaget's theory of cognitive development, where individuals (typically adolescents and adults) gain the ability to think abstractly, logically, and systematically.