Kiefer Is an Operations Manager Whose Budget of $555,000 Was

question 180

Multiple Choice

Kiefer is an operations manager whose budget of $555,000 was approved to buy four new machines in order to increase production by 15%. After seeing what the suppliers had to offer, he realized that the model which would best suit his company's needs was very expensive and he could only purchase three machines rather than four. He requested a budget increase and was denied. Kiefer decided that the three machines will serve the purpose. This is an example of ___.

• A) evaluating results
• B) bounded rationality
• C) rational decision making
• D) classical decision model
• E) cost benefit analysis

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Definitions:

Sales Lead Clubs

Groups or networks of individuals or businesses that exchange leads or referrals to help each other gain more customers.

Prospect Pool

The group of potential customers or clients who may be interested in a company's products or services.

Centers of Influence

Individuals or organizations that have a significant impact on the attitudes or behaviors of potential clients in a specific market.

Prospect Pool

A collection or database of potential customers or clients who might be interested in a company's products or services.