Competitive Dynamics Simply Refer to the Factors Within the Industry

question 64

True/False

Competitive dynamics simply refer to the factors within the industry that determine industry profitability and cash flow.

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Definitions:

Primary Reinforcement

A reinforcer that satisfies a basic biological need, such as food, water, or sleep, and is inherently rewarding.

Secondary Reinforcement

A reinforcing stimulus that acquires its reinforcing power through association with a primary reinforcer.

Tertiary Reinforcement

A type of reinforcement that uses abstract rewards, such as praise or tokens, that can be exchanged for other rewards.

Shaping

A method used in behavioral training where successive approximations of a desired behavior are reinforced.