Thank you for visiting Which statement best describes the role of intuition when making typical business decisions A Intuition should play a predominant role if data is available B. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Final answer:
The role of intuition in business decisions should be limited when data is available.
Explanation:
The statement that best describes the role of intuition when making typical business decisions is option c) Intuition should not play a predominant role if data is available.
Intuition can be helpful in decision-making, especially in situations where there is limited data or time constraints. However, when data is available, it is important to rely on evidence-based analysis and logical reasoning to make informed decisions.
For example, let's say a business is considering launching a new product. Intuition might suggest that the product will be successful based on personal feelings, but if market research data shows a lack of demand or low profitability, it's important to prioritize the data over intuition.
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