In the Context of the Decision-Making Process in an Organization

question 25

Multiple Choice

In the context of the decision-making process in an organization, those who _______ a decision must understand the choice and must be committed to its successful implementation.

• A) make
• B) influence
• C) implement
• D) finalize
• E) create

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Definitions:

Existing Competitors

Companies that are currently operating in the same market and competing for the same customers.

Industry

A classification that refers to groups of companies that are related based on their primary business activities.

Bargaining Power

The relative ability of parties in a negotiation to exert influence over each other, often determining the terms and conditions of agreements.

Availability

This term generally refers to the readiness or accessibility of an asset, resource, or product for use or sale.