India's government in April launched its Open Network For Digital Commerce (ONDC) as a prospective alternative to dominant global giants Amazon.com and Walmart in its fast-growing e-commerce market. ONDC is a non-profit company whose network will enable the display of products and services from all participating e-commerce platforms in search results across all apps on the network.
What is the risk of choosing a solution solely based on personal preferences?
Which of the following is NOT one of the biases in decision making?
Which of the following is a decision-making model that focuses on using intuition and past experience?
As per bounded rationality, the decision making is limited by certain factors like cognitive limitations. Cognitive limitations refer to _____
How does a cost-benefit analysis contribute to selecting the best solution?
Which type of decision is made in a situation that is new, complex, and has no established guidelines?
The synectics technique of problem solving that focuses on innovative and creative ideas to arrive at a consensus solution, was given by _____
What can be a consequence of not eliminating other solutions before making a decision?
Strategic decisions are _______
_________ are concerned with the problems of repetitive nature or routine type matters.
