Examlex
A manager meets with his subordinates to discuss problems, but makes the decisions alone. According to the Vroom-Yetton-Jago Model, this manager is using the ________ decision style.
Price Takers
Entities in a market that accept prevailing prices for goods or services, lacking the market power to influence prices on their own.
Market
An abstract concept encompassing the forces of demand and supply and the interaction of buyers and sellers with the potential for exchange to occur.
Business
The organized activities and operations of individuals or entities to produce and sell goods and services for profit.
Price-Taker Firms
Companies that accept the market price as given and have no influence to change the price of the goods or services they sell.
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