The Decision-Making Process Where Decisions Are Arrived at Without Conscious

question 139

Multiple Choice

The decision-making process where decisions are arrived at without conscious reasoning,arguing that experts make decisions by scanning the environment for cues to recognize patterns is

• A)the creative decision-making model.
• B)the bounded rationality model.
• C)the intuitive decision-making model.
• D)the rational decision-making model.

---

Definitions:

Everyday Low Pricing

A pricing strategy where a retailer consistently offers products at low prices rather than relying on sales or discounts, aimed at attracting price-sensitive customers.

Markdowns

Reductions from the original or retail price of goods, usually to stimulate sales or clear out inventory.

Retail Pricing Strategy

Approaches and tactics a retailer uses to set the prices of its products or services to maximize profitability.

Inventory

The total amount of goods and materials held in stock by a business, warehouse, or store.