According to the Text, Two Models Are Utilized When Describing

question 14

Multiple Choice

According to the text, two models are utilized when describing the decision-making process of jury members. These two models are known as _____ and _____.

• A) mathematical models; statistical models
• B) statistical models; bias models
• C) story models; mathematical models
• D) statistical models; story models

---

Definitions:

Low-Cost-Provider Strategy

A competitive approach where a company aims to become the lowest cost producer in its industry to attract price-sensitive customers.

Efficiency

Results achieved compared to resource inputs.

HR Strategy

HR Strategy is a comprehensive plan that outlines how a business will manage its human resources to align with its business goals, including aspects such as recruitment, development, retention, and compensation of employees.

Distinctive Competencies

Unique abilities or characteristics of an organization that provide a competitive advantage and can't be easily replicated by competitors.