Examlex
Increased demand for new homes due to low interest rates is an example of the impact of the ___________ environment.
Scenario Planning
Scenario planning is a strategic planning method that organizations use to envision and prepare for various future possibilities.
Satisficing
A decision-making strategy that aims for a satisfactory rather than optimal solution by prioritizing the first option that meets a given threshold of acceptability.
Future Alternatives
Potential future courses of action or strategies that are explored as options for decision-making or problem-solving.
Availability Heuristic
A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.
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