Discuss Two Potential Problems Associated with Decentralization

question 182

Essay

Discuss two potential problems associated with decentralization.

Appreciate the importance of focusing on customer needs to identify potential opportunities and competitive advantages.

Understand the importance of analyzing competitors’ activities and preparing for their potential reactions in marketing strategy.

Recognize and respond to social trends in product innovation, such as the environmental impact and consumer behavior.

Comprehend legal frameworks like the Sherman Antitrust Act that aim to ensure fair competition and trade.

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Definitions:

Totality

Refers to the whole of something or a situation being considered in its entirety.

Rawls

A philosopher known for his theory of justice as fairness, emphasizing the principles that society should be structured under.

Veil of Ignorance

Concept from Rawls’ "A Theory of Justice" suggesting decision-makers should make societal rules as if they were ignorant of their own status in society to ensure fairness.

Principles of Justice

Fundamental norms or rules that guide the distribution of burdens and benefits in a society fairly and equitably.