When Referring to Judgments People Make About the Causes of Their

question 132

Multiple Choice

When referring to judgments people make about the causes of their own and other people's behaviours, psychologists use the term

• A)attitudes
• B)stereotypes
• C)social norms
• D)attributions

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Definitions:

Cutthroat Competitor

Refers to businesses or individuals that aggressively compete in the market, often by slashing prices or adopting ruthless strategies to undermine rivals.

Competitive Spectrum

Refers to the range of competition levels within an industry, from perfect competition to complete monopoly.

Competitiveness

The ability of a company, sector, or country to produce goods or services that meet the test of international markets while simultaneously maintaining or expanding the real incomes of its citizens.

Oligopoly

A market structure characterized by a small number of firms that have significant influence over price and other market factors.