The best snap judgments come from people whose decisions are based on impulsive decisions.
<h3>What is a Snap Judgment?</h3>
This refers to the impulsive decisions that a person makes and sometimes they are also made when ample information is available to them.
Hence, we can see that when making a snap decision, it is important to make a quick overview of the information available, before making the decision.
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I'm guessing it's "low". For Listia, right?
The set of actions that represent the tactics include repositioning a product, marketing a product, etc.
<h3>Actions describing the tactics.</h3>
<u>Repositioning a product.</u>
- Research the current customer buying criteria.
- Display the R&D worksheet.
- Adjustments in performance, size, etc.
- Save the decision.
<u>Marketing a product.</u>
- Research the competitive environment.
- Display marketing worksheet.
- Enter decisions for price, promotion, and sales budget.
<u>Scheduling production.</u>
- Estimate the best case for the demand of each product in the year.
- Display the production worksheet.
- Consider the available inventory.
<u>Modifying plant as equipment</u>
- Estimate the maximum demand for current year and next year.
- Analyze the unit cost and margin.
- Display the production sheet.
- Modify the required changes in the capacity.
- Display the finance worksheet.
<u>Raising money and paying debt.</u>
- Analyze the proforma income statement.
- Analyze the proforma balance sheet.
- Display the finance worksheet.
- Issue or repurchase the required stock and bonds.
<u>Inventing a new product.</u>
- Research the opportunity in the segment.
- Select the product attributes.
- Display the R&D worksheet.
- Enter the product attributes.
- Display the production worksheet.
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