Two Strength Factors That Relate to All Three Competitive Forces

question 78

Multiple Choice

Two strength factors that relate to all three competitive forces are ________ and customer loyalty.

• A)market forces
• B)nature of products
• C)customer satisfaction
• D)switching costs

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Definitions:

Parallel Processing

The ability of the brain to simultaneously process incoming stimuli of differing quality, a fundamental mechanism underlying human thought and reasoning.

Dual Processing

The principle that our minds operate using two distinct systems for processing information: unconscious, automatic processing and conscious, deliberate processing.

Selective Attention

The cognitive process of focusing on a specific aspect of information while ignoring other perceivable information.

Change Blindness

A phenomenon where an observer fails to notice significant changes in a visual scene, indicating the selective aspects of visual perception.