Which Pattern of Behavior Is Shown When a Manager Applies

question 21

Multiple Choice

Which pattern of behavior is shown when a manager applies a short-term fix that results in long-term, unintended consequences?

• A)Groupthink
• B)Reinforcing engine
• C)Balancing correction
• D)Satisficing

---

Definitions:

Imperfectly Competitive Market

A market structure where the assumptions of perfect competition, such as a large number of buyers and sellers, homogeneity of products, and free market entry and exit, are not fully met.

Purely Competitive

A market structure characterized by many buyers and sellers, free entry and exit, and a standardized product.

Product Selling

The process of marketing and selling goods or services to customers.

Purely Competitive Conditions

A market scenario where numerous small suppliers offer identical products, resulting in no single supplier having any market control.