A manager wishes to test a range of assumptions on the availability of a certain skill in the labor market. He plans to enter different assumptions or data to check how the likely outcomes alter in accordance with the corresponding change in data. Which one of the following is the most suitable system for such a purpose?
A. Decision support system
B. Expert system
C. e-HRM system
D. Transactional processing system
E. Transitional matrix
Answer: A. Decision support system
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Casey is looking to buy a new replacement set of golf clubs. After he settles on a particular set of Callaway clubs, what are the next two choices Casey has to make?
He needs to determine from whom he should buy. He needs to consider all brands in his consideration set. He must decide when he will make the purchase. He needs to identify his motivations for purchase.
An understanding of the cost structure of the market provides marketing managers with:
A) an idea of how low some competitors can price. B) the demographics of target markets. C) the behavioral segmentation of target markets. D) an accurate idea of customers' willingness to pay.