"A criticism of the rational choice model of decision making is-17 Ajthat it is never followed in practice O B)that it is too complex for people in organisations to understand. C)the assumption that decision makers have unlimited resources to search for and process information. 09 O Djall of the above O
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- 1/- What are the Decision Models of evaluating the internal environment of the company that is doing a busniess? 2/- How do the decision models aid and hinder this, why?05) what do you understand by rational decision making? How and what accepts will and should be used while reaching a decision? Part II) What is bounded reality decision? Why is bounded reality important and how can it be used to achieve a good result in achieving a rationally bounded reality? Part III) what are rational decision making steps understood by you explain all 7 in your own words? ch f10 Inum Ik $ 8 ( % & 3 ( 4 6 7 8 E R 6 P |困How Information rules are the “great simplifiers” for all decision makers?
- a. Illustrate the EIGHT (8) steps of decision making graphically as suggested in the Decision-Making Process model. [Lakarkan secara grafik LAPAN (8) langkah pembuatan keputusan seperti yang dicadangkan dalam model Proses Pembuatan Keputusan.] b. By performing the step-by-step analysis recommended by the Decision-Making Process model, propose the model or brand that would give you the optimum solution in your quest for a new smartphone. (Dengan melaksanakan analisa langkah demi langkah seperti yang dianjurkan oleh model Proses Pembuatan Keputusan, cadangkan model ataupun jenama telefon pintar yang akan memberikan anda solusi yang optimum di dalam pencarian telefon pintar baharu.]29 The last step of the 8 steps decision making process is A) developing alternatives B) identifying a problem C) implement the alternatives D) evaluating decision effectivenessBriefly state the different between rational decision making, bounded rational rationality an decision making by intuition.
- Chapter 14 discusses the types of consumer decisions.a. Which type(s) of decision making would purchasing a sandwich from a quick service restaurant(QSR) be?b. Which type of decision making are marketersat Wawa hoping that the mobile app willencourage consumers purchasing a sandwichfrom a QSR to be?c. Assume that purchasing a sandwich from a QSRis categorized as nominal decision making in agiven situation. Which of the two categories ofthis type of decision making is purchasing a sandwich from a QSR most likely to be? Why?Contrast maximax and maximin decision strategies. Under what circumstances is each appropriate?1) Rational decision-making approach ideally implies ______ decisions. Programmed Non-programmed Rational Non-rational
- 38 When you go to a supermarket and end up buying something that you didn't intent to buy, this is an example of making a A) rational decision B) intuitive decision C) escalation of commitment D) irrational decision E) bounded decisionAnswer the following MCQ questions. 1) When Delroy draw on well-developed procedures in his job of grocery store inventory clerk to determine which products to stock first, he is making which type of decision? a) Tactical b) Programmed c) Operational d) Non-Programmed 2) Identifying a problem and matching it with established routines and procedures for resolving it is a ? a) Tactical decision b) Programmed decision c) Operational decision d) Non-Programmed decision 3) Crystal is a marketing manager who is deciding how to allocate the financial resources among three different product launches over the next three months years. Crystal is making a ? a) Strategic decision b) Operational decision c) Tactical decision d) Opportunistic decisionSalvatore, in his quest for a new car, has narrowed down his options to four possibilities. He considers each car against his own criteria. In which of the following decision-making process activities is Salvatore engaging?a.Search for informationb.Choicec.Evaluation of alternativesd.Need recognitione.Postchoice evaluationThe Smiths do their groceries every weekend. Mrs. Smith starts off by making a list of requirements for the entire family over the week. She never forgets to replenish their stock of Caribbean coffee as her husband, a writer, generally feels groggy and sleepy after lunch in the afternoon. The coffee keeps him awake at such times. Fruits are a “must-buy†for the family. Everyone, including their three children loves apples. However, Mrs. Smith refrains from buying apples when they are not in season as they tend to be more expensive. This weekend, she bought a new brand of pasta that her children insisted on buying as they were tempted…