Examlex
A firm uses ________ when it charges a high,premium price for a new product with the intention of reducing the price in the future.
Tight Cultures
Societies or organizations that have strict norms and a low tolerance for deviant behavior, leading to more uniformity in social conduct.
Uncertainty Avoidance
The degree to which a society tolerates risk and uncertainty.
Individualism
A theory in society that prioritizes individual freedom over the control of groups or the government.
Cultural Tightness
Describes the degree to which a culture holds tight norms and a low tolerance for deviant behavior, affecting how flexible or strict societal norms are.
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