In the <span>1920s, many rural banks failed because of the failure of the farms to produce the bumper crops they were producing previously. The farmers had invested heavily in machinery and storage facilities. They drop in production meant that the investment did not recover and they failed to pay their loans back. </span>
A person, similar to most other people, in the situation given above will choose confirmation bias because of the loss aversion.
<h3>What is confirmation bias?</h3>
The general human tendency to decide or favor with a particular thing in such a way that there are no chances of losing, and it guarantees or confirms a benefit, is known as a confirmation bias.
Hence, options A-1; B-2 hold true regarding the confirmation bias in the given situation.
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I believe Target Marketing is your answer
Answer:
Descriptive analytics.
Explanation:
Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.
The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.
Generally, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.
Descriptive analytics can be defined as a branch of statistical analysis which typically involves the gathering of data for effective use.
In this scenario, Target is examining their online sales data during the pandemic to understand what happened.
Hence, the kind of analytical technique they are using is descriptive analytics.
In the given situation HGTV represents the component of the communication process called "Communication Channel".
<h3>What is communication channel?</h3>
Every meaningful team effort and collaboration depends on effective communication. An organization's movement is maintained by communication.
Some key points related to communication channel are-
- Whatever method of communication we use, it's critical that the information is effectively communicated. "Communication channels" are any of several modalities or media used to send and receive information.
- Writing, speaking, nonverbal communication, visual communication, and other forms of communication are just a few of the ways we might communicate.
- Any of the individuals involved in a transmission must have a direct line of contact. N(N-1)/2 is the maximum number of direct routes that can coexist with "N" stakeholders.
- A team's number of channels grows considerably more quickly as the various stakeholders does.
- Communication may become extremely complex due to the large number of channels.
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