Match Each Definition to the Corresponding Term

question 167

Multiple Choice

Match each definition to the corresponding term.
-A market condition where relatively few producers compete because of barriers like high start-up costs that restrict entry is called a(n) _____.

• A)environmental scanning
• B)environmental management
• C)competitive environment
• D)time-based competition
• E)economic environment
• F)demarketing
• G)consumerism
• H)marketing ethics
• I)social responsibility
• J)green marketing
• K)oligopoly
• L)gross domestic product
• M)planned obsolescence
• N)inflation
• O)socially responsible marketing
• P)political-legal environment
• Q)VoIP
• R)discretionary income
• S)antitrust
• T)strategic alliance

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Definitions:

Norm Of Reciprocity

A social expectation that people will respond to each other in kind, returning benefits for benefits and responding with either indifference or hostility to harms.

Repayment

The act of paying back a sum of money that was borrowed or fulfilling an obligation or promise.

Manager-Subordinate Relationship

The dynamic and interaction between a supervisor and their direct reports within an organization.

Shared Leadership

A leadership model where control and decision-making responsibilities are distributed within a group rather than being held by a single leader.