answersLogoWhite

0

an alternative that we sacrifice when we make a decision

User Avatar

Mina Hyatt

Lvl 10
3y ago

What else can I help you with?

Related Questions

What are the tradeoffs between core capabilities and core rigidities?

What are the tradeoffs between core capabilities and core rigidities?


People face tradeoffs?

Its okay.


What are tradeoffs of a camera?

its 2-d?


What are tradeoffs of the airplane?

pollution is a tradeoff of airplanes


Why are tradeoffs necessary?

Tradeoffs are necessary because resources, such as time, money, and materials, are limited, requiring individuals and organizations to make choices about how to allocate them. These decisions often involve balancing competing priorities and assessing the potential benefits and drawbacks of each option. By understanding tradeoffs, we can make more informed decisions that align with our goals and values. Ultimately, they help us optimize outcomes in complex situations.


What does the phrase there's no such thing as a free lunch mean in economic terms?

people must face tradeoffs


Classification of economics?

classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)


What are the classifications of economics?

classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)


How can a Work Breakdown Structure can be used to help the managers?

WBS can be used to help make program management decisions. For example, if the food costs are too high, the WBS can be used to identify possible tradeoffs. Identifying and analyzing tradeoffs can help the manager decide how best to stay within the budget.


What has the author Frank Livesey written?

Frank Livesey has written: 'A textbook of core economics' -- subject(s): Economics 'Stage 1 economics' -- subject(s): Economics 'Dictionary of Economics' 'Economics' -- subject(s): Economics, Marketing, Problems, exercises 'A modern approach to economics' -- subject(s): Economics 'Economics (A.C.C.A.)' 'Economics for business decisions' -- subject(s): Managerial economics 'Economics (Marketing)' 'A textbook of economics' -- subject(s): Economics 'Objective tests in A Level economics' -- subject(s): Economics, Examinations, questions, Problems, exercises


When making tradeoffs among competing features what can be used to quantifiably comparealternatives by selecting weighting and applying criteria?

To make tradeoffs among competing features, a decision matrix can be utilized, which allows for the quantifiable comparison of alternatives. By establishing criteria and assigning weights to each based on their importance, alternatives can be scored against these criteria. This method enables a systematic evaluation, helping to highlight which features best align with the overall objectives and resource constraints. Ultimately, it aids in making informed decisions based on a structured analysis of tradeoffs.


What is the difference between MSc Economics and MA Economics?

what is difference between msc economics and ma economics