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Discuss the role assumptions play in the decision-making process, and explain where information for developing assumptions originates?
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- List and describe at least three barriers to effective decision-making.What kind of model/framework is followed for organizational decision making by TCS?Compare and contrast the difference between high and low involvement in the decision-making process.Outline how brands can increase involvement with customers .
- Identify two problems and their tools that a given entity can used in its decision support system to solve a problem.Explain what is a decision making unit and how does it vary by purchase situation?How can organizations effectively apply decision theory principles to enhance their decision-making processes and improve overall management outcomes?