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allochka39001 [22]
3 years ago
11

What is the third stage of the rational model of decision making? Identify the problem or opportunity. Implement and evaluate th

e chosen solution. Develop alternative solutions. Evaluate alternatives and select a solution.
Business
2 answers:
Sever21 [200]3 years ago
8 0

Answer: Evaluate alternatives and select a solution.

Explanation: Strategist and decision makers in an organization are constantly being tasked coming up with solutions to arrest recurring organizational challenges or problem and adopting certain business principle or strategy. Decisions made in the Bea interest of an organization by Strategist using logical inference after having studied and evaluated available and feasible alternatives could be referred to as employing the rational model of decision making. The third stage in this model is the evaluation of alternatives and selecting a solution based in available information. This stage is usually preceeded by identifying the problem and defining the decision criteria.

max2010maxim [7]3 years ago
3 0

Answer:

Evaluate Alternatives and Select a Solution.

Explanation:

There are five steps in the rational decision making model of which the third stage is the evaluation of alternative plans and policies. These are measurements that highlight success and failure of alternatives. This stage includes secondary and final analysis. Thus, the options information are evaluated to establish possible consequences of each alternative.

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You live in a town with 300 adults and 200 children, and you are thinking about putting on a play to entertain your neighbors an
Serjik [45]

Answer:

Explanation:

To maximize profit, you would charge $8 for an adult's ticket and $4 for a child?s ticket. Total profit in this case would be $800.

The city council passes a law prohibiting you from charging different prices to different customers.

Now you set a price of $8 for all tickets, resulting in $600 in profit.

Indicate whether each of the following groups of people is better off, worse off, or the same because of the law prohibiting price discrimination.

Groups of People Better Off Worse Off Unchanged

Adults x

Children x

You, the Producer x

Suppose the fixed cost of the play were $2,600 rather than $2,000.

Complete the following sentences indicating how this would change your answers to the previous parts.

In the presence of price discrimination, the adult price of a ticket would remain the same, and the child price would remain the same. Total profit would fall to $200.

If price discrimination were banned and the monopolist continued to produce the play no matter what the profit, the price of a ticket would remain the same, and total profit would fall to $0.

7 0
3 years ago
Suppose the country of Ceria and Lithinia imposed tariffs on imports from all countries, and then they set up a free trade area,
Tems11 [23]

Answer:

trade diversion

Explanation:

Trade diversion results from changing an efficient supplier or trading partner for a not so efficient trading partner. This change usually results from trade agreements or customs unions like NAFTA (or USMCA) or the European Union that benefit less efficient producers.

Trade diversion results in concentrating production in countries with high opportunity costs that do not possess real comparative advantages, but rather political advantages.

7 0
3 years ago
Suppose some firms exit an industry characterized by monopolistic competition. We would expect the demand curve of a firm alread
Anastaziya [24]

Answer:

b. shift to the right.

Explanation:

A monopolistic competition is when there are many sellers of differentiated goods and services in an industry. Firms set the market price for their goods and services.

If firms leave the industry, the number of firms available to cater to consumers needs have reduced while the amount of consumers remain the same. Customers of the firms that exited the industry begin to patronize firms that are still in the industry. This leads to an increase in demand for existing firms and their demand curve shifts to the right.

I hope my answer helps you

4 0
2 years ago
To evaluate solutions, you must usually
blondinia [14]
A good way to become a systematic problem solver is to adopt the following five-step problem-solving process.

Identify the problem. This is critical: you must try to solve the right problem. ...

Analyze the problem. ...

Identify decision criteria. ...

Develop multiple solutions. ...

Choose the optimal solution.

6 0
3 years ago
Raising Bulls, Inc., has current assets of $5,100, net fixed assets of $23,800, current liabilities (payables and accruals) of $
Elenna [48]

Answer:

<em>Total Shareholders’ Equity</em>

Total Shareholders’ Equity = Total Assets − Total LiabilitiesTotal

Shareholders’ Equity = {(Current Assets + Net Fixed Assets) − (Current liabilities + Long term debt)}

Total Shareholders’ Equity = {($5,100 + $23,800) − ($4,300 + $7,400)}

Total Shareholders’ Equity = $28,900 − $11,700

Total Shareholders’ Equity = <u><em>$17,200</em></u>

<em>Net-working capital?</em>

Net-working Capital = Current assets - Current liabilities

Net-working Capital = Current assets - Current liabilities (payables and accruals)

Net-working Capital = $5,100 - $4,300

Net-working Capital = <u><em>$800</em></u>

<u><em /></u>

<em>If you find this helpful rate be brainliest please. Thanks. </em>

8 0
3 years ago
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