Which of the Following Individuals Demonstrates Internal Locus of Control

question 34

Multiple Choice

Which of the following individuals demonstrates internal locus of control?

• A) Maria,an athlete,believed that it was only because of her weak opponents she was able to win the competition.
• B) Monica,who was looking forward to something really important,got very anxious due to her perceived lack of control over the situation.
• C) Tim,an employee who recently got promoted,thanked his manager and felt that he was lucky to be promoted.
• D) William,a student,strongly believes that by putting extra effort and working hard he will be able to score good marks.

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Definitions:

Market Skimming

A pricing strategy involving setting high prices initially to target customers willing to pay more before lowering prices to attract a broader market.

Razorblade Strategy

A business model where the initial product is sold at a low price, and profit is generated from selling complementary goods.

Market Share

A measure of the percentage of sales within a market that is held by one product or company.

Survival Pricing

A pricing strategy adopted by companies to set prices at a level that covers basic costs, aiming to maintain business operations during adverse conditions.