________ Arises When Two or More Enterprises Encounter Each Other

question 79

Multiple Choice

________ arises when two or more enterprises encounter each other in different regional markets, national markets, or industries.

• A) Comparative advantage
• B) Multipoint competition
• C) Competitive advantage
• D) Economic advantage

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Definitions:

Aptitudes

Natural abilities or talents that individuals possess, which can influence their ease of learning or proficiency in particular tasks or areas.

Self-Verification

The theory that people have a need to seek confirmation of their self-concept, whether positive or negative, from others in their social environment.

Self-Concept

An individual's perception of themselves, which includes beliefs, feelings, and knowledge about personal attributes.

Needs Hierarchy

A motivational theory proposed by Abraham Maslow, suggesting that humans are motivated by a hierarchy of needs, starting from basic physical necessities to higher psychological needs.