According to Social Psychologists, a Group ​

question 5

Multiple Choice

According to social psychologists, a group ​

• A)exists whenever two or more people are in spatial proximity to each other.
• B)consists of three or more people who interact on a regular basis.
• C)consists of two or more people who interact and are interdependent.
• D)will not affect the behavior of its members.

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Definitions:

Marketing Tactics

Specific actions, techniques, or strategies used to achieve marketing goals, such as promotions, advertising campaigns, and social media engagement, tailored to target audiences.

Generic Business Strategy

A basic strategy for achieving competitive advantage that can be adopted by any firm, typically categorized into cost leadership, differentiation, and focus strategies.

Competitive Advantage

The attribute that allows an organization to outperform its rivals, gained through offering greater value to consumers or operating more efficiently.

Annual Business Plan

A yearly roadmap outlining business objectives, strategies, and actions to be undertaken to achieve the company’s goals.