Which of the Following List Explains the Concept of Substantive

question 8

Multiple Choice

Which of the following list explains the concept of substantive rationality?

• A)Perfect rationality
• B)The power for manager to define goals and their means of achievement
• C)A concern with ends
• D)A concern with means

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Definitions:

Unique

Being the only one of its kind; unlike anything else, often referring to qualities that set someone or something apart from others.

Cultural

Pertaining to the customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

Level of Competition

The intensity of rivalry among businesses in the same industry, which can affect market share, pricing strategies, and innovation efforts.

Price Wars

A competitive strategy involving several companies lowering their prices in an attempt to undercut competitors, potentially leading to lower profit margins for all involved.