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Refer to the scenario below to answer the following questions.
Group Development at MagPie Inc.
As a consultant who specializes in group dynamics, you are observing MagPie Inc.'s self-managing teams and work groups which are in different stages of development. MagPie is a medium-sized manufacturing business and has recently started using teams in all of their operations. Team training is lacking and you have been asked to evaluate the teams and suggest actions for better cohesiveness among the team members. You have labelled the teams A, B, C, D and E, in order to conceal their names. Group D has resolved its issues of leadership and is devoting all of its energy to getting the job done. Team C, on the other hand, shows significant resistance to its appointed leader's guidance and there is a lot of argument over roles within the group. The members of Group A are getting acquainted in their meeting. The team is made up of employees from different divisions and departments and they are still getting to know each other. Team E is in the process of setting their formal rules, roles, and clarifying expectations. Everyone seems to be in agreement as to how these are done. Team B is full of hostility. At least one group member has withdrawn by sitting quietly away from the others, and is no longer participating in the discussions.
-Group A appears to be at which stage?
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, reflecting consumers' sensitivity to price changes.
Utility Function
A mathematical representation of a consumer's preference ranking over a set of goods and services.
Substitution Effect
Variations in consumer purchasing patterns as a result of shifting prices among products, which leads to the exchange of one good for another.
Apple Consumption
Refers to the quantity of apples eaten or utilized over a specified period of time.
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