Examlex
If 100 units of product L are sold at a unit price of $10 and only 25 units are sold at a unit price of $20, one can conclude that demand for L is
Concurrence
Agreement in opinion or outcome among individuals or groups.
Groupthink
is a psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.
Vroom's Normative Model
A psychological theory that describes the ways leaders can decide to engage their team in decision-making processes, based on the situation's complexity and the importance of team agreement.
Shared Information Bias
A tendency in group discussions to focus on information that all members already know, neglecting unique and potentially important information.
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