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1 page/β‰ˆ275 words
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Check Instructions
Style:
APA
Subject:
Business & Marketing
Type:
Coursework
Language:
English (U.S.)
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Total cost:
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Topic:

Coursework 1.16.a.b. Business & Marketing Coursework

Coursework Instructions:

Question 1:
Describe a situation when a leader made a "bad" decision and it led to a good outcome. Why did the good outcome occur? What happened after that when the leader had more decisions to make?
minimum 150 words
Question 2:
If you had a ticket to a chance drawing, with a 50% chance of receiving nothing and a 50% chance of receiving $5 million, and you were offered $2 million (assumed to be guaranteed) to surrender the ticket, would you agree to surrender the ticket? Why?
minimum 125 words

Coursework Sample Content Preview:

Coursework 1.16.A.B
Student Name
Institutional Affiliation
Coursework 1.16.A.B
Question 1: Decision Making
Decision-making is a crucial aspect of leadership, as the outcomes depend on the decisions made by the leader. Whereas some bad decisions result in good outcomes and vice versa, this is not always the case. One day the head of the department in our marketing sector convened a meeting to review the pricing strategy. The company was undergoing losses as the revenues were lower than the production costs. At the meeting, it was agreed that the prices would go up by $10 for all products, and the leader would issue a memo to issue the directive. However, the memo read that the prices should reduce by $10. Shockingly, this resulted in an increase in sales volumes and the profitability went up. This was due to economies of scale. When the leader had mor...
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