Question

Intuitive Approach is a part of
decision making approach
PRN: 2052001531. NOTE: SCREENSHOT PROHIBITED
А
Quantitative
о в
Qualitative
Ос
Rationalising
OD
Optimising
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Answer 1

Answer:

2 is the write answer bro

Answer 2

Answer:

Option B, Qualitative is the correct option.

Explanation:

• The Qualitative technique is a sub-category of decision making that consists of various approaches like the Intuitive approach, brainstorming, Delphi technique, Nominal group technique or NGT, Didactic interaction, and Multi-voting technique.
• Intutuion is termed as a process in which a choice is made without the usage of conscious thought or logical reasoning.
• Intuitive Approach is an approach that managers use while making a decision based on hunches & intuition.
• Whereas rationalizing or rational approach is an approach that uses some type of deductive reasoning to evaluate the factual information on basis of which the decision can be made.
• Optimizing approach involves trying to find an optimal choice by collecting as much data as possible.
• Quantitative techniques consist of Management information systems, decision tree, decision matrix, Cost-benefit analyses, etc.