Answer: Group dynamics
Explanation: In simple words, group dynamics is the system of behavior that occurs within a group. The group dynamics is studied by the top management of an organisation.
The group dynamics is helpful in decision making process, as all the members behavior will be taken into consideration under this study. It is the way that different members in the group behave and interact with each other.
Hence, from the above we can conclude that the right answer is group dynamics.
Answer:
B. forcing producers to factor into their production costs , the cost of the externalities created in the production of their output
Explanation:
" internalizing an external cost " -
It is the process of shifting the cost or the burden from negative externality like the pollution , to inside .
And this process is achieved via paying taxes , the government subsidies , tolls etc .
Hence , the correct explanation for " internalizing an external cost " is ( b ) .
Answer:
Not involved In the production process
Eg. Selling expenses or advertising expenses
Answer:
It is an economic condition that occurs when a country is importing more goods than it is exporting.
Explanation:
Answer: Analytics
Explanation:
The online retailer is applying analytics to evaluate buyers preferences and habits: this information gotten influences the decisions made by the retailer.
Analytics in decision making process occurs when a manager in an organization carefully analyses systematic statistical data to make decisions in the organization.
The use of analytics in decision making helps reduce errors and enables the manager make accurate decisions.
