Which of the Following Questions Would Require a Tactical Decision

question 39

Multiple Choice

Which of the following questions would require a tactical decision in response?

• A)Should we takeover our competitor?
• B)How should we market the new product line?
• C)What should I say to the customers about our return policy?
• D)How will I balance my master's degree workload with my work assignments?

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Definitions:

Decision Matrix

A tool used in decision-making to evaluate and prioritize a list of alternatives or options, based on a set of criteria.

Payback Period Matrix

A conceptual tool used in finance to evaluate the time required for an investment to return its initial cost, considering various scenarios or criteria.

Payoff Table

A table used in decision making to show the possible outcomes or payoffs for different decisions under various states of nature.

Payoff Table

A table that summarizes the outcomes of different decisions, representing the payoffs or losses for each possible scenario.