If an Industry Has Low Entry and Exit Costs and the Technology

question 53

Multiple Choice

If an industry has low entry and exit costs and the technology needed to start and maintain a business is commonly available, this creates:

• A) a threat of new entrants.
• B) a threat of substitute products and services.
• C) an increased bargaining power of customers and suppliers.
• D) a rivalry among existing competitors.

Analyze sibling relationships across different cultures.

Define and describe qualities of resilient children.

Evaluate the implications of parental employment on child and parent well-being.

Assess the significance of family mealtime on child development.

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Definitions:

Philip Zimbardo

Philip Zimbardo is a psychologist renowned for his research on social psychology, particularly the Stanford prison experiment, which explored the effects of perceived power and environment on behavior.

Group Pressure

The influence exerted by a group that encourages conformity of behavior and belief.

Perception

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.

Asch

Solomon Asch, a psychologist known for his research on conformity and social pressure.