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What is the main purpose of decision models in marketing?
  • a)
    To aid in well-structured tasks such as computing economic order quantities and determining to reorder points
  • b)
    To assist in less-structured tasks such as product deletion and advertising media selection
  • c)
    To evaluate customer credit and approve credit applications
  • d)
    To generate and process an information flow for financial decision-making
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the main purpose of decision models in marketing?a)To aid in w...
Decision models in marketing are designed to aid in decision-making processes, particularly in less-structured tasks such as product deletion, advertising media selection, salespeople assignment, and delivery routing. These models can help marketing managers make better-informed decisions and improve their overall marketing strategy.
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What is the main purpose of decision models in marketing?a)To aid in well-structured tasks such as computing economic order quantities and determining to reorder pointsb)To assist in less-structured tasks such as product deletion and advertising media selectionc)To evaluate customer credit and approve credit applicationsd)To generate and process an information flow for financial decision-makingCorrect answer is option 'B'. Can you explain this answer?
Question Description
What is the main purpose of decision models in marketing?a)To aid in well-structured tasks such as computing economic order quantities and determining to reorder pointsb)To assist in less-structured tasks such as product deletion and advertising media selectionc)To evaluate customer credit and approve credit applicationsd)To generate and process an information flow for financial decision-makingCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about What is the main purpose of decision models in marketing?a)To aid in well-structured tasks such as computing economic order quantities and determining to reorder pointsb)To assist in less-structured tasks such as product deletion and advertising media selectionc)To evaluate customer credit and approve credit applicationsd)To generate and process an information flow for financial decision-makingCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main purpose of decision models in marketing?a)To aid in well-structured tasks such as computing economic order quantities and determining to reorder pointsb)To assist in less-structured tasks such as product deletion and advertising media selectionc)To evaluate customer credit and approve credit applicationsd)To generate and process an information flow for financial decision-makingCorrect answer is option 'B'. Can you explain this answer?.
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