Which of the Following Is a Group Decision-Making Technique

question 69

Multiple Choice

Which of the following is a group decision-making technique?

• A) mind mapping
• B) brainstorming
• C) lateral thinking
• D) group polarization
• E) morphological analysis

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Definitions:

Oligopoly

A business environment where only a few enterprises have strong dominance in controlling market prices and the competitive landscape.

Marginal Cost

The monetary cost of fabricating one more unit of a product or service.

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies with changes in quantity sold.

Kinked

Often relating to the kinked-demand curve seen in oligopolistic markets, where firms face a price elasticity that abruptly changes as prices increase or decrease.