Global Competition Has Increased the Options for Consumers and Has

question 53

True/False

Global competition has increased the options for consumers and has made it more imperative for firms to identify the needs of customers in order to earn above-average returns.

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Definitions:

Careful

Involves acting with thoughtfulness and caution, often to avoid mistakes or negative outcomes.

High-Mach

Personality traits characterized by manipulation and deceit as proposed in Machiavellianism theory.

Low-Mach

Refers to individuals who are not manipulative or deceitful and generally operate with honesty and integrity.

Manipulate

To control or influence something or someone cleverly, unfairly, or unscrupulously.