The "Not Invented Here" Syndrome Causes Managers to Accept Ideas

question 2

True/False

The "not invented here" syndrome causes managers to accept ideas invented elsewhere.

---

Definitions:

Lowering the Price

A strategy in which a seller reduces the cost of a product or service to attract more buyers or drive sales volume.

Monopoly Firms

Entities that are the sole providers of a product or service in a market, facing no competition.

Downward-Sloping

A term often used in economics to describe a line or curve on a graph that demonstrates a decrease in one variable as another increases.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at each price.