Which decision making approach should you use if you need to make a decision using last quarter's sales data?
A) Behavioral economics
B) Organizational psychology
C) Rational model
D) All of the above
D
Explanation: D) All of these are approaches to decision making that can be helpful for making decisions using objective statistics like last quarter's sales data. Using objective data does not dictate that you use any particular model to make the decisions you need; the sales data would be just one factor considered in your future decision along with factors such as your perception, biases, heuristics, and the context.
You might also like to view...
When Indu's company printed the ad for their perfume in the newspapers, the caption read, "WAS $100, NOW $75." What kind of a promotional pricing did her company use?
What will be an ideal response?
The strategy that Beanstalk would most likely want to follow is called a ________ strategy
A) multinational B) retrenchment C) global D) stability