has already 3 factories in Dong Nai and Ha Noi and now wants to establish one more factories in order to expand its activity. Our company was asked to study and find out the most suitable location that can be the sub-constructors of Everpia base on some criteria. We will collect the information by using variety sources of data and evaluate the company by using survey method (include sampling method‚ collecting method and questionnaire). Task 1 1. Prepare and implement a plan for the collection
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1. What is inflation risk? Inflation risk is the decision when to wait to buy an item and risking if the product went down in price or up in price. 2. What are opportunity costs? Give an example of an opportunity cost. Opportunity costs are things you give up when you make a choice. An example of a opportunity cost is to give up your newspaper subscription so you can now have a magazine subscription. 3. What is the time value of money? The time value of money is the increase on a value of money
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Consumer decision making is a process – Evaluate why marketers need to understand this process. Consumers constantly make decisions regarding to the choices‚ purchases and use of products and services. Consumers are often faced with a large number of alternatives‚ which are changing due to new technologies and competitive pressures (Bettman‚ J. R.‚ & Sujan‚ M. (1987). Journal of Consumer Research‚ 14‚ 50-51). The consumer is often not completely certain about how a product may perform. Even when the
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Well what a curious statement for me to make when that seems to be the totalitarian objective that we as individuals seek throughout our childhood and well into our adult lives; “the freedom of choice”. Then why does that statement seem to ring so true and prevalent in our society today? A culture where teachers and professors are now moving into the roles of “facilitators” where students are encouraged to get to answers to fundamental questions through discussions and finally making their own
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What factors must be considered when making moral decisions? There are a variety of factors‚ which need to be considered when making moral decisions. Everyday we have to make decisions‚ some are hard and some are easy. When we are talking about moral decisions we are talking about what actions are right and what are wrong. Morality is about actions and the consequences made by actions‚ motives and our human nature. There are different ways in looking at making moral decisions‚ 2 main ethical
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Managers are frequently referred to as decision makers. Managers make decisions about every aspect of the organisation‚ including strategy‚ structure‚ control systems‚ responses to the environment and human resources. Decision making is not easy. It is done in the face of constantly changing conditions‚ unclear information and conflicting points of view. Types of decisions and problems A decision is a choice made from available alternatives. Decision making is the process of identifying problems
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1. What is Decision Making? Decision-making is an essential aspect of modern management. It is a primary function of management. A manager’s major job is sound/rational decision-making. He takes hundreds of decisions consciously and subconsciously. Decision-making is the key part of manager’s activities. Decisions are important as they determine both managerial and organizational actions. A decision may be defined as "a course of action which is consciously chosen from among a set of alternatives
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Decision Making Across the Organization The key strategic in every organization is to identify what is the influence of decision making across the organization as a whole. There are benefits and challenges in every organization no matter how large or small it may be. Business owner has to have a plan and a solution for every challenge that may arise in the organization. A manger is not to be in reasonable when he has to make a decision for the organization; he is to be expected to have a solution
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of and explain the Business Pressures–Responses–Support model. The components of the pressure-response-support model are business pressures‚ companies’ responses to these pressures‚ and computerized support. The model suggests that responses are made to counter the pressures or to take advantage of opportunities‚ support facilitates monitoring the environment (e.g.‚ for opportunities) and enhances the quality of the responses. 2. What are the major factors in today’s business environment? The
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Contents INTRODUCTION 4 DECISION MAKING 4 Programmed Decisions 4 Non-Programmed Decisions 5 THE RESPONSIBILITY FOR MAKING DECISIONS 5 ELEMENTS OF THE DECISION SITUATION 6 - The Decision Maker 6 - Goals to be Served 6 - Relevant Alternatives 6 - Ordering of Alternatives 6 - Choice of Alternatives. 6 THE RATIONAL MODEL OF DECISION MAKING 8 Steps in the Decision Making process 8 Identifying an Existing Problem 9 Listing Alternative Solutions 10 Select the Most Beneficial Of These
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