Relationship in information rules-business decision making


Problem: Claudia is a Master of Business Administration (MBA) student, and she is preparing a presentation for her class regarding the relationship between information rules and business decision making. Which of the following is correct regarding this relationship? An information rule emerges when research confirms the same results a majority of times in identical or similar circumstances. Businesspeople often consider information rules as a waste of time. Information rules are the "great sympathizers" for all decision makers. The relationship between buyer behavior and price is an information rule that can guide a marketing manager in future product pricing decisions.

 

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Other Management: Relationship in information rules-business decision making
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