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An entrepreneur compared two suppliers on quality and punctuality along with price. What type of decision is this?

Answer and explanation

Correct answer: Multi-criteria decision

A multi-criteria decision evaluates more than one relevant factor before choosing an option. Price matters, but poor quality or late delivery can also increase business costs and reduce customer satisfaction. Since the entrepreneur considers price, quality, and punctuality together, the decision is structured rather than emotional or random.

Related tags

Multi-Criteria-DecisionSupplier-SelectionQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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