Which of the Following Is a Non-Programmed Decision

question 16

Multiple Choice

Which of the following is a non-programmed decision?

• A) Deciding who to hire
• B) Determining budgets
• C) Dealing with changing customer demands
• D) Production demands

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Definitions:

Reference Price

A price point that consumers use as a basis for comparison in judging the actual price of a product or service.

Differentiate Product

Differentiate product involves creating distinctions between products, typically to make a product more attractive by highlighting its unique features compared to competing products.

Prospect Theory

A behavioral economic theory that describes how people decide between alternatives that involve risk, valuing losses and gains differently.

Reference Price

A baseline price used as a comparison point for consumers when evaluating potential purchases.