Competitive Dynamics May Be Understood as

question 11

Multiple Choice

Competitive dynamics may be understood as

• A) intense rivalry among similar competitors.
• B) strong buyer power.
• C) a strong threat of substitutes.
• D) strong supplier power.

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Definitions:

Stimulus Generalization

The process by which a conditioned response is triggered by stimuli that are similar to the original conditioned stimulus.

Learned Response

A reaction or behavior that results from repeated exposure, practice, or conditioning, rather than being an inborn or instinctual response.

Vicarious Learning

Learning that occurs by observing the behaviors and outcomes of others rather than through direct experience.

Latent Learning

A form of learning that occurs without any obvious reinforcement of the behavior or associations that are learned.