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Differentiate between marketing policy and marketing strategy?

The main difference between marketing policy and marketing strategy is that a marketing policy is a set of rules for decision making, while a marketing strategy is a plan to achieve organizational goals


What is the difference between decision making and problem solving in a managerial concern?

The difference is that decision making usually come first than problem solving.


What is the difference btw decision making and policy making?

practicly nothing.


Difference between individual decision making and group decision making?

its stipid qestion jo dik khato


When making decision asking others for advice is not a recommended strategy true or false?

False


What is the maximin strategy and how can it be applied in decision-making processes?

The maximin strategy is a decision-making approach that focuses on maximizing the minimum possible outcome. It involves identifying the worst-case scenario and choosing the option that provides the best outcome in that situation. This strategy can be applied in decision-making processes by prioritizing risk management and ensuring that the chosen option offers the most protection against potential losses.


What is the difference between policy making and decision making?

diffrent btw decition making and policy making


How do you think good decision making has contributed to the success of this business?

good decision making is what we need because a company is not made by a single person . Its the idea of different people who help in improving a solution and making a good decision for a successful business strategy


What is a weakly dominated strategy and how does it impact decision-making in game theory?

A weakly dominated strategy in game theory is a choice that is always worse or no better than another available choice, regardless of what the other players do. It impacts decision-making by helping players eliminate less favorable options, leading to more focused and strategic decision-making in games.


What is the difference between a decision aid and a support system?

Decision aid system is for decision making. A support system is a helpdesk.


What is the difference between strategy and activity?

Strategy refers to a long-term plan designed to achieve specific goals or objectives, often involving careful analysis of the environment and resources. In contrast, activity encompasses the actions or tasks undertaken to implement that strategy. While strategy sets the direction and framework for decision-making, activities are the concrete steps taken to execute the plan. Essentially, strategy is the "what" and "why," while activity is the "how."


What is the difference between individual and group decision making?

An individual decision is a decision that was made by one person. A group decision is a decision that was crafted by multiple people.