The Advantages of a Group Decision Over an Individual Decision

question 82

Multiple Choice

The advantages of a group decision over an individual decision theoretically depend on:

• A) the information the group can provide.
• B) the competencies within and the effectiveness of the group.
• C) the outcomes the group achieved.
• D) the communication skills in the group.

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Definitions:

Business Startups

New business ventures created from scratch, aiming to fill a market need or niche.

Customer Intimacy Model

A business strategy that focuses on building close relationships with customers to better understand and anticipate their needs.

One-Time Sales

Refers to transactions where products or services are sold on a singular occasion, rather than on a recurring basis.

Individual Customers

Single persons or entities that purchase goods or services for personal use or consumption rather than for resale.