The _____ Is a Decision-Making Strategy That Simplifies the Choice

question 63

Multiple Choice

The _____ is a decision-making strategy that simplifies the choice among many alternatives. Although useful for minor decisions, this strategy can increase the riskiness of complex decisions.

• A) single-feature model
• B) additive model
• C) elimination by aspects model
• D) availability model

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Definitions:

Customer Intimacy Strategy

A business strategy focusing on highly personalized and specialized products or services to build close relationships with customers.

Small Segments

Divisions within a market that target a specific demographic or niche audience.

Peter Drucker

A highly influential management consultant, educator, and author, known as the father of modern management for his extensive works and principles on business management.

Customer Needs

The explicit and implicit factors that a customer seeks to fulfil when buying a product or a service.