BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Product
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Information
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Service
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Decision
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Detailed explanation-1: -Collect some pertinent information before you make your decision: what information is needed, the best sources of information, and how to get it. This step involves both internal and external “work.” Some information is internal: you’ll seek it through a process of self-assessment.
Detailed explanation-2: -THE DECISION BASIS A good decision is one that is systematically correct given a decision situation properly framed by a committed decision maker. The specific description of this situation is the decision basis.
Detailed explanation-3: -Decisions can be classified as structured, semistructured, and unstructured. Unstructured decisions are those in which the decision maker must provide judgment, evaluation, and insights into the problem definition.