In Many Organizations There Are Three Levels of Strategy: Which

question 4

Multiple Choice

In many organizations there are three levels of strategy: Which of the following is NOT ONE of them?

• A)Corporate
• B)Administrative
• C)Strategic business unit
• D)Competitive

Understand the role of economic profit in monopolistic competition.

Comprehend the significance of demand and cost schedules in determining firm's market strategies.

Understand the use of concentration ratios and the Herfindahl index to measure market concentration.

Understand the basic assumptions and characteristics of monopolistic competition.

---

Definitions:

Hull-Spence Model

a theory combining Hull's drive reduction theory and Spence's learned motivation theory, focusing on how reinforcers and cues control behavior.

Noncontinuity View

A perspective that suggests changes or phenomena occur in discrete steps or stages rather than gradually.

Continuity View

The perspective that development is a gradual, continuous process, without sudden changes or distinct stages.

Krechevsky

Ivan Krechevsky was a psychologist who conducted research on animal behavior and learning, known for exploring concepts of hypothesis behavior in rats during problem-solving tasks.