A Required Step in the Analytic Hierarchy Process Is to Determine

question 29

Multiple Choice

A required step in the analytic hierarchy process is to determine

• A)the goals to be satisfied.
• B)the expected value of the criteria.
• C)the relative importance of the criteria themselves.
• D)how many hierarchies to use.

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Definitions:

Industry

A category of businesses that produce or sell similar products or services, characterized by common challenges, opportunities, and market structures.

Network Effect

The phenomenon whereby a product or service gains additional value as more people use it.

Virtuous Circle

A chain of events that reinforce themselves through a feedback loop, leading to positive outcomes in a business or economic context.

Synergy

The combined effect of a group that exceeds the sum of the effects produced by each individual component, often leading to increased efficiency or productivity.