Questions: Which of these best represent a planned approach and which best represent a market approach? Planned Approach Market Approach Answer Bank Send all the donations to the shelter that has the least. Divide the donations evenly among the three shelters. Offer each shelter a virtual "budget" and have them bid on different items. Ask shelters to submit their requests, and decide what to send where based on their answers.

Which of these best represent a planned approach and which best represent a market approach? Planned Approach Market Approach Answer Bank Send all the donations to the shelter that has the least. Divide the donations evenly among the three shelters. Offer each shelter a virtual "budget" and have them bid on different items. Ask shelters to submit their requests, and decide what to send where based on their answers.
Transcript text: b. Which of these best represent a planned approach and which best represent a market approach? Planned Approach Market Approach $\square$ $\square$ Answer Bank Send all the donations to the shelter that has the least. Divide the donations evenly among the three shelters. Offer each shelter a virtual "budget" and have them bid on different items. Ask shelters to submit their requests, and decide what to send where based on their answers.
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Solution

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To determine which options best represent a planned approach and which best represent a market approach, we need to understand the characteristics of each approach:

  • Planned Approach: This involves a centralized decision-making process where resources are allocated based on predetermined criteria or plans. It often involves equal distribution or allocation based on assessed needs.

  • Market Approach: This involves decentralized decision-making where resources are allocated based on demand and supply dynamics, often involving bidding or competition.

Now, let's categorize each option:

  1. Send all the donations to the shelter that has the least.

    • Planned Approach: This option involves a centralized decision to allocate resources based on assessed need (the shelter with the least), which is characteristic of a planned approach.

  2. Divide the donations evenly among the three shelters.

    • Planned Approach: This option involves a predetermined plan to distribute resources equally, which is characteristic of a planned approach.

  3. Offer each shelter a virtual "budget" and have them bid on different items.

    • Market Approach: This option involves shelters bidding on items, which introduces a competitive element typical of a market approach.

  4. Ask shelters to submit their requests, and decide what to send where based on their answers.

    • Planned Approach: This option involves collecting information and making a centralized decision based on the requests, which aligns with a planned approach.

Therefore, the categorization is as follows:

  • Planned Approach:

    • Send all the donations to the shelter that has the least.
    • Divide the donations evenly among the three shelters.
    • Ask shelters to submit their requests, and decide what to send where based on their answers.

  • Market Approach:

    • Offer each shelter a virtual "budget" and have them bid on different items.
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