ABL Is One of the Largest Consumer Goods Companies in the Country

question 92

Multiple Choice

ABL is one of the largest consumer goods companies in the country and it recently held its annual conference where members of all regional divisions were invited. Since the company is vast and rarely finds all its employees together in such a manner, it used this opportunity to present to them certain new ideas they had regarding various aspects of their functioning. Large meetings with each regional team were held to provide them with information about the proposed changes and to obtain their anonymous votes through computers. This helped the company speed up the decision-making process and consolidate the results immediately. Which of the following group decision techniques did ABL use here?

• A) heuristics and algorithm approach
• B) nominal groups approach
• C) electronic meeting approach
• D) reference groups approach
• E) brainstorming

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Definitions:

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the average cost per unit of output decreases with increasing scale.

Per-unit Cost

The cost incurred for producing a single unit of a product, which is calculated by dividing the total cost of production by the total number of units produced.

Monopolistic Firm

A company that has exclusive control over a particular market or industry, limiting competition.

Government Regulation

Rules set by the government to control the way businesses can operate within an economy.