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Suppose that a customer's willingness-to-pay for a product is $120, and the seller's willingness-to-sell is $110. If the negotiated price is $119
Information Technology
The use of computers, networks, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.
Formalisation
The process of establishing official structures, procedures, and rules within an organization to ensure efficiency, clarity, and compliance.
Vroom-Jago Leader-Participation Model
A decision-making framework that helps leaders decide how much participation they should allow from subordinates in the decision-making process.
Group Decision
A decision-making process where choices or judgments are made collectively by a group rather than by an individual.
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