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Another problem is that in an open-loop environment there may be factors other than decisions of business management influencing the results achieved on the market. I’m trying to measure the very effect of management decisions as an inexact science at best. An attempt at quantification the impact of management decisions in an open-loop environment is difficult in any case.
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The results are measured indirectly, as loan applications increase or decrease. Such interactions between the decision process and measurement For example take the case of a soft drink company. It has no idea about the identity of its end consumer.
CS507 FINAL TERM PAST PAPERS BY MOAAZ:
They are dealing with distributors who are the end customer for them and not the man on the street who really bought a soft drink from a retailer. Feedback on a product, price, or any other matter the product would be provided by the distributor and not by the end consumer.
CS507 FINAL TERM SOLVED PAPERS:
Open-loop decision-making creation is for mass marketing companies. Companies that don’t really know who their customers are using open-loop decision-making.
