In Deciding Whether to Add or Drop New Products, Services

question 102

True/False

In deciding whether to add or drop new products, services, or departments, managers should emphasize the option that makes the greatest contribution possible to pay unavoidable costs.

---

Definitions:

Altruism

Selfless concern for the well-being of others.

Strangers

Individuals who are not known personally or familiar to someone.

Larger Groups

Describes collections of individuals that exceed the small, interpersonal dynamics of smaller groups, influencing social behavior differently.

Pluralistic Ignorance

A situation in which individuals rely on others to identify a norm but falsely interpret others’ beliefs and feelings, resulting in inaction.