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2 marksDecision Making

CAPE Management of Business Unit 1 · 2015 · Paper 2 · Question 1(a)

Mr Moon's restaurant faces growing competition from nearby establishments. His business partner recommends introducing burgers and jerk chicken to the menu, though Mr Moon is uncertain whether this strategy will address the issue.

Define the term 'decision making'.

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Other parts of this question

  1. 1(b)(i)Outline TWO ways in which information technology may impact Mr Moon's decision to add jerk chicken or burgers to his offerings.[4 marks]
  2. 1(b)(ii)Outline TWO ways in which government regulations may impact Mr Moon's decision to add jerk chicken or burgers to his offerings.[4 marks]
  3. 1(c)(i)Discuss how definition of problem in the rational decision making model may assist Mr Moon in deciding which option to choose.[3 marks]
  4. 1(c)(ii)Discuss how collection of data in the rational decision making model may assist Mr Moon in deciding which option to choose.[3 marks]
  5. 1(c)(iii)Discuss how development and analysis of alternatives in the rational decision making model may assist Mr Moon in deciding which option to choose.[3 marks]
  6. 1(c)(iv)Discuss how selection and implementation of alternatives in the rational decision making model may assist Mr Moon in deciding which option to choose.[3 marks]
  7. 1(c)(v)Discuss how evaluation in the rational decision making model may assist Mr Moon in deciding which option to choose.[3 marks]

More practice: the rest of this paper · more Decision Making questions · all CAPE Management of Business Unit 1 past papers