Groups of People with Similar Wants and Needs That Can

question 52

Short Answer

Groups of people with similar wants and needs that can be expected to show interest in the same products are called
customers.
prospects.
homogeneous segments.
potential customers.
target markets.

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Definitions:

Team Paradox

The complex and often contradictory challenges that teams face, requiring the balancing of diverse opinions, goals, and personalities for success.

Self-Managing Teams

Groups of workers who are given the autonomy to plan, execute, and monitor their own work without the direct supervision of management.

Role Conflict

This refers to a situation where an individual faces incompatible demands or expectations from different roles they are required to perform, leading to stress or dilemma.

Top-Management Teams

Groups of senior executives who are responsible for the overall strategic direction and management of an organization.