ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Evaluating alternative solutions involves analysis, discussion, and review. Iterative cycles of analysis are sometimes necessary. Supporting analyses, experimentation, prototyping, piloting, or simulations may be needed to substantiate scoring and conclusions.

Detailed explanation-2: -Experience, experimentation, and research and analysis are the three common tools or approaches for choosing the best alternative in decision making.

Detailed explanation-3: -Four of the most commonly cited group decision-making techniques are brainstorming, the nominal group technique, the Delphi technique, and the stepladder technique. These techniques vary in the manner in which they structure group problem solving.

Detailed explanation-4: -Stage 3: Evaluating Alternatives During this stage, consumers have collected information about certain products/services and their features and benefits. They have compiled information on the available reviews for the product or service.