What Approach Combines the Benefits of Individual and Group Creativity

question 20

Multiple Choice

What approach combines the benefits of individual and group creativity?

• A)Nominal group technique.
• B)Brainwriting.
• C)Brainstorming.
• D)A & B.
• E)All of the above.

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Definitions:

Rivalry

(1) The characteristic of a private good, the consumption of which by one party excludes other parties from obtaining the benefit; (2) the attempt by one firm to gain strategic advantage over another firm to enhance market share or profit.

Excludability

The characteristic of a private good, for which the seller can keep nonbuyers from obtaining the good.

Private Good

A good, or service that is individually consumed and that can be profitably provided by privately owned firms because they can exclude nonpayers from receiving the benefits.

Quantity Demanded

The quantity of a product or service that buyers are prepared and financially able to buy at a certain price.