A Systematic Study of Organisational Behaviour

question 43

Multiple Choice

A systematic study of organisational behaviour:

• A)relies on "gut feelings".
• B)may improve a person's accuracy in explaining and predicting behaviour.
• C)can explain all the answers of human behaviour.
• D)all of the above.

---

Definitions:

Inverse Demand Function

A mathematical model describing the relationship between the price of a good and the quantity demanded, typically showing how price can affect demand levels.

Monopolist

An individual or entity that is the sole supplier of a particular commodity or service, having significant control over its market.

Price Discrimination

The strategy of selling the same product or service at different prices to different customers, based on factors like willingness to pay, market segments, or purchase quantity.

Consumer's Age

A demographic factor affecting market preferences and purchasing behavior, reflecting different trends and needs based on age groups.