Sarasvathy's Effectuation Model Is a Process

question 25

True/False

Sarasvathy's effectuation model is a process.

Understand the concept of self-actualization and the hierarchy of needs as proposed by Maslow.

Identify the importance of genuine, accepting, and empathic interactions in personal growth.

Recognize the role of schemas and stereotypes in perception and behavior.

Understand the process and significance of repressing and retrieving memories.

---

Definitions:

Product Managers

Individuals responsible for the strategy, roadmap, and feature definition for a product or product line, and for overseeing its development, launch, and ongoing improvement.

Survival Pricing

A pricing strategy aimed at covering basic operational costs to remain in business during tough economic times.

Bankruptcy

A legal process for individuals or entities that cannot repay their outstanding debts, allowing for the resolution of debts through the liquidation or reorganization of assets.

Discounting

The practice of reducing the selling price of goods or services, often to attract customers or accelerate sales.