Rational Decision-Making Model: A team choosing the best marketing strategy by evaluating multiple options and using detailed market research., A company deciding to enter a new market after conducting extensive research and financial analysis., A software company developing a new product after conducting user surveys and analyzing competitors’ products., Bounded Rationality: A manager selecting the first satisfactory vendor for office supplies based on price and quality within a limited timeframe., A project manager setting criteria for a project plan and selecting the first plan that meets those criteria., Intuitive Decision-Making: A firefighter deciding the best way to control a sudden blaze based on gut feeling and experience., An entrepreneur choosing a business partner based on personal trust and past interactions rather than detailed analysis., A CEO making a strategic decision quickly in a crisis based on intuition and past experience.,

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