When You Approach a Problem by Trying to Figure Out

question 9

Multiple Choice

When you approach a problem by trying to figure out how you might create it, you are using the _____ technique of problem solving.

• A) vertical thinking
• B) fractionation
• C) reverse brainstorming
• D) six hats

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Definitions:

Competition

The rivalry among businesses to attract customers, increase sales, and gain market share.

Tying Arrangement

A business practice where the sale of one product is conditioned on the purchase of another, often scrutinized for anti-competitive effects.

Exclusive Dealing

refers to a restrictive agreement between supplier and distributor, where the distributor agrees to sell only the supplier's products and not those of competitors.

Discriminatory Pricing

The practice of charging different prices to different consumers for the same product or service, based on factors like race, gender, or geographic location, which is often considered unethical and illegal.