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Genrish500 [490]
4 years ago
13

The product development team of a company conducts a meeting to discuss the worthiness of launching a new product in the market.

The majority of the team members support the idea and believe it would sell in the market. However, one member, Jeff, is not very sure of the success of the product in the market but decides not to voice his opinion fearing that his dynamics with the team might get affected. This scenario illustrates the concept of _____.
Business
1 answer:
tigry1 [53]4 years ago
5 0

Answer:

This scenario illustrates the concept of groupthink.

Explanation:

Groupthink is the process in which a group of people reaches the outcome by the process of group decision making. The conflict among the members of the group is tried to get resolved so that they can reach a consensus. The unpopular opinion or the alternatives are set aback and a group decision is made collectively. It helps in problem-solving and making good decisions altogether.

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PureRinse Inc. is a brand reputed for its wide variants of body wash that introduced its range of shampoos and skin moisturizers
klemol [59]

Answer:

Economics of scope.

Explanation:

Economies of scope can easily described to be situations in which the long-run average and marginal cost of a company, organization, or economy decreases, due to the production of some complementary goods and services. An economy of scope means that the production of one good reduces the cost of producing another related good.

Economies of scope differ from economies of scale, in that the former means producing a variety of different products together to reduce costs while the latter means producing more of the same good in order to reduce costs by increasing efficiency.

6 0
4 years ago
Please ask a question of 50 points​
MrRa [10]

my question is why do we need to do it  i know you asked nicely but i just wanna know

3 0
3 years ago
Read 2 more answers
Preston Industries has two separate divisions. Each division is in a separate line of business. Division A is the largest divisi
prohojiy [21]

Answer:

The correct answer is D. Assign appropriate, but differing, discount rates to each project and then select the projects with the highest net present values.

Explanation:

The discount rate is the cost of capital that is applied to determine the current value of a future payment.

The discount rate is used to "discount" future money. It is widely used when evaluating investment projects. It tells us how much money is worth now from a future date.

The discount rate is the inverse of the interest rate, which serves to increase the value (or add interest) in the present money. The discount rate, on the other hand, detracts from the future money when it is transferred to the present, except if the discount rate is negative, in case it will mean that the future money is worth more than the current one. The interest rate is used to obtain the increase to an original amount, while the discount rate is subtracted from an expected amount to obtain an amount in the present.

Except in exceptional cases, the discount rate is positive because before the promise of receiving money in the future we have the uncertainty of whether we will receive it or not, since there may be a problem that prevents us from receiving that money. Therefore, the farther the money we are going to receive, the less it will be worth now.

6 0
3 years ago
Joneen owns a farm. in a signed writing, joneen gave sue the irrevocable right to use a road on his farm so that sue could more
nadezda [96]
<span>Joneen gave Sue a cartway claim to access her own property across a portion of Joneen's property. This type of easement allows an individual to access their property via another, privately owned parcel for the purposes of accessing landlocked property.</span>
8 0
3 years ago
Weight-Gone offers a guaranteed weight loss of 8 pounds in one week without dieting or exercise. Thousands of customers purchase
kupik [55]

Answer:

Arrange for discussions with the customers including the possibility for full refund

Explanation:

Weight-Gone has failed in its promise of 8 pounds weight loss,hence a saving-grace approach would be to have cordial talks with the affected customers in order to establish their plight which will serve as a feedback for the quality team and the product design department in redesigning the product to make it fit for purpose.

Full refunds should also be arranged in order to show the company as been a responsible and trusted corporate citizen.

8 0
3 years ago
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