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The Four Generic Business Strategies Involve Combinations of Competitive Scope

question 54

Multiple Choice

The four generic business strategies involve combinations of competitive scope or the breadth of the target markets and


Definitions:

Social Contagion

The phenomenon whereby ideas, feelings, and behaviors seem to spread across people like wildfire.

Chameleon Effect

The tendency to mimic unconsciously the nonverbal mannerisms of someone with whom you are interacting.

Mindlessness

A state of reduced cognitive activity where individuals act or respond to stimuli without deliberate thought or awareness, leading to automatic or habitual behaviors.

Social Learning

The capacity to learn from observing others.

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