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Brainstorming Is a Technique Used in Group Decision Making in Which

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Brainstorming is a technique used in group decision making in which group members are encouraged to offer all of their ideas without internally censoring them. The group has an open discussion, examining all of the ideas and data available to them. As you might expect, brainstorming was developed to counter:


Definitions:

Output

The total amount of goods and services produced by an individual, firm, industry, or economy within a certain period.

Price

The amount of money exchanged for a unit of a good or service.

Short Run

This refers to a period in which at least one input or resource is fixed, while others can be varied to adjust output.

Minimizing Losses

A strategy or approach adopted by businesses or individuals aiming to reduce the amount of money lost in operations or investments.

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