A manager is trying to decide which product to emphasize in promotion and advertising efforts.Following the decision process used by managers,predictions about the amounts of future sales of the two products are used as input to the ________.
A) prediction model
B) prediction method
C) decision model
D) evaluation model

Question

Quizplus · Accepted Answer

The decision model is used by managers to make a decision on which product to emphasize in promotion and advertising efforts. The model takes predictions about the amounts of future sales of the two products as input and provides a basis for making a decision. Prediction models and methods are used to generate the input data for the decision model, while evaluation models are used to measure the effectiveness of the decision after it has been implemented.

A Manager Is Trying to Decide Which Product to Emphasize