Jorge Finds He Has Lost Out to His Major Competitor

question 71

Multiple Choice

Jorge finds he has lost out to his major competitor on three recent contracts. Through his customers, he learns his competitor has cut prices and lowered financing costs. Jorge is observing a change in his _____________ environment.

• A) Economic growth rate
• B) Technological
• C) Social and cultural
• D) Natural
• E) Legal and political

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Definitions:

Implicit Memory

A type of memory in which previous experiences aid the performance of a task without conscious awareness of these previous experiences.

Classically Conditioned

An educational method where two stimuli are consistently associated; initially, the second stimulus provokes a response, but over time, the response is triggered by the first stimulus alone.

Early Childhood

A developmental period in human growth from birth to around 8 years old, characterized by rapid physical, cognitive, and social development.

Iconic Memory

A component of the visual memory system which is a very brief (<1 second) recall of a visual stimulus.