The Swatch Group Is the World's Second Largest Watchmaker

question 82

True/False

The Swatch Group is the world's second largest watchmaker.This shows that in the low-cost segment,brands compete on price and value.

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Definitions:

Law of Effect

A principle in psychology that states behaviors followed by positive outcomes are likely to be repeated, while those followed by negative outcomes are not.

Organisational Behaviour Modification Strategy

A systematic approach to changing behavior within an organization using principles of behavior analysis and reinforcement.

Punishment

Imposing a penalty or sanction on someone as retribution for an offense or undesirable behavior.

Goal Setting Theory

A theory suggesting that the establishment of motivating, specific, and clear goals with appropriate feedback contributes to higher performance.