When Richard Had an Accident in His Parent's Car, He

question 226

Multiple Choice

When Richard had an accident in his parent's car, he had his license suspended for 6 months. This outcome was intended to decrease his poor driving habits, therefore taking his license away is considered:

• A) positive reinforcement
• B) desensitization
• C) punishment
• D) negative reinforcement

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Definitions:

Diversification

A risk management strategy that involves entering into new markets or adding new products to a company's portfolio to spread and reduce risks.

Aggressive

A forceful approach or strategy intended to dominate or win over, often characterized by assertiveness and boldness in action.

Marketing Objectives

The specific goals set by a company as part of its marketing plan, which may include increasing brand awareness, sales, market share, or customer loyalty.

Strategy Canvas

A strategic management tool used for comparing current market positions of companies and to visualize strategies in uncontested market spaces.