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r-ruslan [8.4K]
3 years ago
5

Businesses commonly rely upon groups to make decisions because of the many advantages to group decision making.

Business
1 answer:
sertanlavr [38]3 years ago
7 0

Answer:

The correct answers are letters "A" and "D": More acceptance of the final decision is likely; More information and knowledge are available.

Explanation:

By making decisions in groups, all the members have an opportunity to share their ideas on what and how things should be done. Group decision-making will allow <em>obtaining as much information and knowledge</em> a group can provide. Besides, as the eventual decision will be the result of the mixture of the different ideas proposed, it is more likely than <em>most members of the group will accept the course the group will take</em>.

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"An investor is considering a $20,000 investment in a start-up company. She estimates that she has probability 0.25 of a $15,000
jok3333 [9.3K]

Answer:

Expected value of profit = -3750 + 2,000 + 2,500 + 0

Explanation:

<em>The expected value of is the sum of the possible profit under different outcomes multiplied by their respective probabilities</em>

Profit                Prob             P× Profit

(15000)       ×     0.25  =      -3750

20,000        ×       0.1    =        2,000

25,000        ×       0.1  =            2,500

    0            ×    0.55   =        <u> 0_____</u>

Expected value of  profit =          <u>   750</u>

Expected value of profit = -3750 + 2,000 + 2,500 + 0

= $750

<em>Note the figures given are stated as profits and not revenue. So we do not make use of the investment cost of $20,000</em>

5 0
3 years ago
A business consulting firm defined its company personality as knowledgeable team-players, who are practical and theoretical. It
frez [133]

Answer:

The firm forget to take Competitive landscape

Explanation:

development of a brand new name is essential in business because it serves as the identity that the business carries along, it includes the name as well as the brand logo that identifies the company from other compititors. It involves some steps such as checking the domains name that is available,screening out problematic names,Competitive landscape step, launching of the brands.

In the case of the question, the step the firm forget to take before moving on to screening out problematic names is Competitive landscape step.

Competitive landscape step helps to foresee the strength as well as other information about other compititors in the industry such as direct and indirect compititors.

7 0
4 years ago
The managers of Alfredo's Pizza, a popular pizzeria in New York City, have been increasingly encouraging senior citizens to visi
finlep [7]

Answer: market development

Explanation: In simple words, market development refers to a strategy under which an organisation tries to identify and develop a new market for gaining an absolute competitive advantage.

In the given case, Alfredo 's pizza has been realizing that the population of senior citizens has been increasing. Therefore they start making products as per the needs of their new customer base.

Hence from the above we can conclude that the company is using market development strategy for their growth.

6 0
4 years ago
A salesperson who calls phone numbers from a purchased list of new parents and asks, "Have you been considering the purchase of
SCORPION-xisa [38]

Answer: Prospecting stage

Explanation:

 The prospecting stage is one of the first step in the personal selling process which basically used for identifying the efficient consumers and also developed the customer database in the system for the purpose of communication.

The prospecting stage is basically refers to the database, social contacts, various types of trading show that are used for locating the potential consumers according to the requirement.

Therefore, Prospecting stage is the correct answer.

5 0
3 years ago
Efforts to recruit members of subordinate groups for jobs, promotions, or educational opportunities are called
Archy [21]
In order to help the student expand his/her knowledge I will help answer the question. This in hope that the student will get a piece of knowledge that will help him/her through his/her homework or future tests.

The efforts to recruit members of subordinate groups for jobs, promotions, or educational opportunities are called affirmative action. The correct choice is letter

b. affirmative action

I hope it helps, Regards.     <span> </span>
3 0
4 years ago
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