A Firm's Power and Prestige in Domestic Markets May Be

question 29

Multiple Choice

A firm's power and prestige in domestic markets may be significantly enhanced if the firm competes globally

• A) which can translate into improved negotiating power among important groups.
• B) though this rarely results in a practical advantage.
• C) but this can hurt its bargaining power with suppliers and distributors.
• D) yet this does nothing to improve its position with creditors.
• E) which can alienate the firm from its domestic creditors, suppliers, and distributors.

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Definitions:

Escape Behavior

An action taken to terminate an ongoing, unpleasant stimulus, effectively allowing an individual to avoid discomfort.

Drive

An internal motivational state created by physiological or psychological needs that drives an individual towards specific behaviors.

Pavlovian Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Reward

A stimulus that increases the likelihood of a behavior being repeated.