Correct answer to this question should be D.
The other three options are debated over the role of government.
Answer: C) The easier it is to keep prices high.
Explanation:
The task environment refers to the set of sectors that includes global suppliers, distributors, customers, and competitors.
In a profitable industry, if new companies attempt to enter the task environment, the output will expand, making prices fall, and profits decline. Decreasing the threat of entry by developing policies that build barriers to entry allows established businesses to keep prices high.
I believe the answer is: Empirical approach
Empirical approach is a way to obtain knowledge by conducting direct or indirect observation towards the data that is relevant to the knowledge. This usually include dependent and independent variables within a research in order to find a causal relationship that might explain a certain event/phenomenon.
Answer:
groupthink
Explanation:
Asterisk Inc. decided to change some of its policies. Jensen, a team manager, conducted a meeting to inform his team about the management's decision. During the meeting, the majority of Jensen's team members were in favor of the policies except Sandy. As a result, Sandy decided not to voice her concerns about the policy changes fearing negative consequences. This scenario illustrates the concept of <u>groupthink</u>.
Groupthink is based on the desire not to upset the balance/harmony of a group of people thinking about a situation, it is a phenomenon whereby a group of individuals reach a premature consensus on an issue without critical reasoning or evaluation of the consequences or alternatives in a bid to avoid dissenting views and opinion. It is a situation whereby harmony in a group is promoted more than critical and objective analysis of issues.