An ___________Is Defined as a Persistent Mental State of Readiness

question 45

Short Answer

An ___________is defined as a persistent mental state of readiness to feel and behave in a favorable or unfavorable way toward a specific person, object or idea.

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Definitions:

Price Competition

A type of competition where businesses focus on selling products and services at lower prices than their competitors.

Tacit Collusion

A form of collusion among competitors in which they cooperate to achieve higher prices or market share without explicit communication.

Product Differentiation

the process of distinguishing a product or service from others in the market to make it more attractive to a particular target audience.

Price Leadership

A strategy used by a dominant company in a market to set the price of a product or service, which competitors then follow.