What Is the Difference Between a General Average and a Particular

question 51

Essay

What is the difference between a general average and a particular average in ocean marine insurance?

Understand how consensus in team decision making is achieved and its significance.

Acknowledge the benefits and challenges of group decision making.

Learn strategies for preventing and overcoming groupthink in team settings.

Understand the characteristics that distinguish high-performance teams from regular groups.

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Definitions:

Evoked Sets

Refer to a group of brands or products a consumer considers during the decision-making process before making a purchase.

Evoked Set

A group of relevant brands or products that a consumer remembers when making a purchase decision.

Locus of Control

A psychological concept referring to the degree to which individuals believe they have control over the events in their lives.

Perceived Risk

The level of risk that a consumer associates with purchasing a particular product or service, which can influence their buying decision.