If TechnoGeek and VarsityBlue Compete in the Same Market for the Same

question 6

Multiple Choice

If TechnoGeek and VarsityBlue compete in the same market for the same customer and TechnoGeek generates $900 of economic value each time it sells a product or service while VarsityBlue generates $400 of economic value each time it sells a product or service, TechnoGeek has a(n) ________ of $500.

• A) perceived benefit
• B) economic value
• C) cost advantage
• D) competitive advantage

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Definitions:

Aversive Stimulus

A stimulus that is unpleasant or noxious and that an organism seeks to avoid or escape.

Low-Probability Behavior

A behavior that is unlikely to be performed often, usually due to a lack of reinforcement or inherent appeal.

High-Probability Behavior

An action or activity that has a strong likelihood of being performed or occurring under certain conditions, often used in the context of behavioral analysis or prediction.

Mowrer

O.H. Mowrer, an influential psychologist known for his two-factor theory of learning which combines classical and operant conditioning.