A Company Is Guilty of ________ If the Company Forgets

question 40

Multiple Choice

A company is guilty of ________ if the company forgets latent competitors and only focuses on current competitors.

• A) perfect competition
• B) self-competition
• C) Cournot competition
• D) competitor backlinking
• E) competitor myopia

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Definitions:

Equity

When people receive rewards in proportion to the contributions they make toward the attainment of group goals.

Generalized Exchange

A type of social interchange where goods or services are provided to one member of a group without the expectation of a direct reciprocal action from the receiver.

Reciprocal

Pertaining to a mutual exchange or relationship in which both parties give and receive something of value.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.