The Group Leader Often Arrives Several Minutes Late to Meetings

question 10

Multiple Choice

The group leader often arrives several minutes late to meetings with excuses about workload, telephone calls, or traffic. Today's meeting was scheduled to begin 5 minutes ago, and the leader has not arrived. What should the group members do?

• A) Call the leader's cell phone to see when arrival is expected.
• B) Wait until the leader is 10 minutes late and then cancel the meeting.
• C) One of the members should start the meeting.
• D) Wait for the leader to arrive.

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Definitions:

Cannibalization

The decline in the number of units sold, income, or market control of a product following the release of a new product by the same company.

MR

Marginal Revenue, the change in total revenue that results from selling one additional unit of a product or service.

MC

The additional cost of producing one more unit of a product or service, known as marginal cost.

Substitute Brands

Brands that offer products or services which consumers may use in place of each other based on preference, price, or availability.