Match List - I with List - II. List - I Decision Rule List - II Rationale for applying the decision Rule to Down App. (A) Conjunctive I) "I bought the Smartphone App with the highest over all railing". (B) Disjunctive (II) "I down loaded the Smartphone App that had the most downloads". (C) Affect Referred (III) "I selected the Smart Phone App that had no bad features". (D) Majority vote (IV) "I picked the Smart Phone App that excelled in at least one attribute ". Choose the correct answer from the options given below:
(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
This question asks us to match different types of decision rules used in consumer behavior with specific rationales or statements people might use when choosing a smartphone app. Understanding these rules helps explain how people make choices when faced with multiple options.
Let's break down each decision rule and the corresponding rationale provided in the correct matching:
| List - I Decision Rule |
List - II Rationale for applying the decision Rule to Down App. |
|---|---|
| (A) Conjunctive | (III) "I selected the Smart Phone App that had no bad features". |
| (B) Disjunctive | (IV) "I picked the Smart Phone App that excelled in at least one attribute ". |
| (C) Affect Referred | (I) "I bought the Smartphone App with the highest over all railing". |
| (D) Majority vote | (II) "I down loaded the Smartphone App that had the most downloads". |
Let's examine why each pairing from the correct answer option makes sense:
Based on this analysis, the matching provided in the correct option is consistent with the definitions and applications of these decision rules.
| Decision Rule | Key Characteristic | Example Rationale (from List II) |
|---|---|---|
| Conjunctive | Eliminate if fails minimum on ANY attribute. | No bad features (meets all minimums). |
| Disjunctive | Choose if meets minimum on AT LEAST ONE attribute. | Excelled in at least one attribute. |
| Affect Referred | Choose based on overall feeling or rating. | Highest overall rating. |
| Majority vote (Social Proof) | Choose based on popularity or what others do. | Most downloads. |
Consumer decision rules, also known as heuristics, are strategies or shortcuts consumers use to make choices quickly and efficiently. They can be classified into compensatory and non-compensatory rules.
The "Majority Vote" example is more of a heuristic based on social influence rather than a formal evaluation of attributes, but it functions as a decision shortcut.
Which of the following are necessary conditions for applying Simeon Denis Poisson distribution in the field of managerial decision making?
A. Each occurrence of an event is independent of the occurrence of the other event
B. The probability of an occurrence is the same for any two intervals of equal length
C. Poisson distribution describes continuous occurrences over a specific time interval
D. In each interval, occurrences can range from zero to infinity
Choose the correct answer from the options given below:
Which of the following common difficulties are faced in making decisions and implementing?
(A) Non-actionable information
(B) Unsupporting environment
(C) Easy acceptance by subordinates
(D) Ineffective communication
(E) Incorrect timing
Choose the correct answer from the options given below
The major components of Nicosia Model of consumer decision-making are:
A. The consumer's attitude based on firm's message exposure
B. Perceptual and learning constructs
C. Feedback in the form of purchase experience
D. Extensive problem solving by consumer
E. Consumer's product search and evaluation
Choose the correct answer from the options given below: