Which one of the following is closest to the nature of decision making?
The process of identifying problems and opportunities and then resolving them
Decision making includes identifying a problem or opportunity, considering alternatives and choosing a response. The last option captures this process most fully; brainstorming is only one possible way to generate alternatives.
Advertising method in which a commercial is broadcast simultaneously on several radio stations and/or television channels is known as
The major advantage of the direct mail marketing is :
| List – I | List – II |
|---|---|
| (a) Coupons | (i) Using one brand to advertise another non-competing brand. |
| (b) Tie-in Promotions | (ii) Offers to consumers of savings off the regular price of a product. |
| (c) Cross Promotions | (iii) Certificates entitling the bearer to a stated saving on the purchase of a specific product. |
| (d) Price Packs | (iv) Two or more brands or companies team up on coupons, refunds, and contests to increase pulling power. |