Two Concepts Central to Both Face-Detracting and Face-Saving Strategies Are

question 5

Multiple Choice

Two concepts central to both face-detracting and face-saving strategies are:

• A)direct confrontation and indirect confrontation.
• B)competition and collaboration.
• C)avoidance and empathy.
• D)listening and communication.
• E)trust and self-disclosure.

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Definitions:

Kinked-demand Curve Model

An economic model that explains price stability in oligopolistic markets by suggesting that businesses may not raise or lower prices due to the segmented demand curve.

Price Cut

A reduction in the selling price of products or services, typically to attract more buyers or to sell off excess stock.

Equilibrium Price

The price at which the supply of an item matches its demand, leading to a stable market condition where there is neither excess supply nor excess demand.

Equilibrium Output

The level of production at which the quantity of goods supplied equals the quantity of goods demanded, leading to market stability.