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1 October, 22:12

Because of your inexperience, you don't know how many alternatives should be considered in your search for a replacement product. Should you search for as many alternatives as you can, research a limited number, or simply choose one?

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  1. 1 October, 23:08
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    The correct answer is letter "A": Choose a limited number of alternatives to consider; for example, the top three alternative suppliers.

    Explanation:

    Bounded rationality is a concept that assumes individuals make rational decisions based on limited information and the limited capabilities human beings have. Then, while looking for a replacement product individuals should narrow their alternatives moreover if they do not have experience with those products. Selecting three to five different products from where to select and compare could provide effective results.
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Home » Business » Because of your inexperience, you don't know how many alternatives should be considered in your search for a replacement product. Should you search for as many alternatives as you can, research a limited number, or simply choose one?
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