A team is trying to decide the price for a new product. First, they all make their own personal estimates of what the product should cost. Then, they compile these estimates to come up with a final value that is roughtly in the middle of their estimates. This team is using what process of decision-making?

Question

Quizplus · Accepted Answer

The team is using an averaging process by compiling individual estimates to come up with a final value that is roughly in the middle. A zero-sum process involves one party gaining at the expense of another, while consensus refers to a general agreement or shared understanding among the group. Delegating involves assigning tasks or responsibilities to specific members of the team. Therefore, option A) averaging is the most appropriate option.

A Team Is Trying to Decide the Price for a New