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Groupthink
This is a condition where group pressures for conformity prevent the group from critically evaluating alternative viewpoints. The classic example of groupthink, the United States' unsuccessful 1962 invasion of Cuba called the Bay of Pigs attack, shows how a narrow focus and lack of analysis can lead to potentially disastrous decisions made by a group.
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A company manufactures and sells a single product. The variable cost of the product is Rs 2.50 per unit and all production each month is sold at a price of Rs 3.70 per unit. A pote
Case let 1 M/s. ABC Ltd is a medium-sized engineering company producing a large-range of product lines according to customer requirements. It has earned a good reputation as a quic
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