Decision trees for decision theory problems

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1. Corporation growth strategies often include efforts to achieve a cost leadership position in their industry and competitively differentiate their products from those of their competitors. Explain why a company may choose to employ only one of these strategies. Provide an example in support of your position.

2. Discuss the relative merits of decision tables and decision trees for decision theory problems. Under what circumstances would each of these be preferable?

Reference no: EM132076308

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