Two Companies That Share Markets,but Who Have Little Similarity in Their

question 2

Multiple Choice

Two companies that share markets,but who have little similarity in their resources are ____.

• A) direct,mutually-acknowledged competitors
• B) neither direct nor mutually-acknowledged competitors
• C) competitors who are probably not engaged in intense rivalry
• D) competitors who have reached mutually-sustainable competitive advantage

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Definitions:

Self-Serving Bias

The tendency for individuals to attribute their own successes to internal factors and put the blame for failures on external factors.

Fundamental Attribution Error

The tendency to overestimate the influence of personal characteristics and underestimate the role of situational factors in explaining others' behavior.

Self-Serving Bias

Self-serving bias is a cognitive bias that leads individuals to attribute their successes to personal qualities and their failures to external factors, protecting self-esteem.

Distinctiveness

The quality of being easily distinguished or set apart from others due to unique attributes or characteristics.