A company manufacturing mobile is facing the problem of decreasing sales in the market. You can imagine any product about which you are familiar. What decisions/ steps each level of management should take to give effect to this decision?
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- Suppose you are a manager in some leading firm / organization. The owner of the firm wants you to uplift the profit of the firm by introducing some new commodity in the market. Explain all decision making process relating to successfully introducing your commodity in the market.what is the decision making framework tool (short, easy and simple)Subeject - Management A company is considering investing in a new product line. They have gathered data on the potential profits and costs of the product line, but there is uncertainty regarding market demand. Using decision theory, analyze the best course of action for the company.
- Explain why quantitative analysis would have improved the decision maker's ability to make a good decisionDescribe the grid technique. What is its purpose, and how does it lead to the making of a decision? What are its strengths and limitations?What are the advantages of analyzing and experimenting with a model as opposed to a real object or situation?
- 1. When you want to buy the potato chip, what influences your decision? Explain the attributes that are important to you when making a decision to purchase this type of product.What is the final value of the decision tree?Explain the whole decision making process using a practical example of each step of the process.
- Discuss briefly the Hierarchy of the information- based business decision makers.Which level has the best chance of success and why? (Decision Making subject)Business decision support systems, sometimes known as DSSs, provide assistance in making choices that require many steps.Describe the many components that make up the DSS. In what ways does DSS modify IT?As a manager of a large clothing company, you are considering opening a new store in another parish to cater to the needs of your consumers in that particular area.Discuss the activities involved in each of the first THREE (3) steps in the rational model using the scenario above.