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:

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.

Myelin Sheath

A protective coating around nerve fibers in the central and peripheral nervous systems, facilitating electrical impulses' transmission.

Neural Impulse

An electrical signal that travels along a neuron, enabling communication between neurons or between neurons and muscles.

Axon

A long, slender projection of a nerve cell that typically conducts electrical impulses away from the neuron's cell body.