Please answer items 24 and 25 at the end of Chapter 8 in your text (Book: Transportation: A Global Supply Chain Perspective (8ed)-Coyle, Novack, and Gibson). (See powerpoints as well). Please give examples of anchoring and framing effects that would specifically relate to logistics or transportation based on what you learned reading Chapters 1 and 2 in your textbook.
Chapter 8 Questions:
24. Describe an example in which business or political organizations may use anchor-ing effects to influence decision making. 25. Describe an example in which business or political organizations may use framing effects to influence decision making.
Your answer should provide definitions for terms pulled from your textbook try to restate these definitions in your own words in lieu of copying them word for word. Also, always use in-text citations where necessary.
Please do not just list examples, instead answer these questions with information in the form of a brief memo to your “boss” telling them about these concepts and how they may affect the logistics decision making in your organization.
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