Under What Conditions Will Groups Tend to Make Better Decisions

question 92

Multiple Choice

Under what conditions will groups tend to make better decisions than individuals?

• A) when the conditions are stressful
• B) when cohesiveness is high
• C) when they rely on the person with the most expertise
• D) when there is a strong directive leader

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Definitions:

Global and Local Advantages

The benefits that companies gain by leveraging both global standardization to achieve efficiency and local adaptation to meet specific market needs.

Meganational Approach

A strategy by businesses to operate on a global scale, emphasizing uniformity in products and services across countries to exploit economies of scale.

Value Chain

A series of activities that a company performs to create value for its customers, from product design to post-sale service.

Location Economies

The cost advantages gained by a business due to its geographical position, often influencing its competitiveness.