A Firm Should Compete with ________ Competitors in Order to Sharpen

question 47

Multiple Choice

A firm should compete with ________ competitors in order to sharpen its abilities. Succeeding against these competitors often provides greater returns.

• A) strong
• B) international
• C) weak
• D) distant
• E) smaller

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Definitions:

Reinforcement

The process of encouraging or establishing a pattern of behavior through rewards or consequences.

Piece-Rate System

A compensation system where employees are paid a fixed rate for each unit of production completed, incentivizing productivity.

Fixed Interval Schedule

A reinforcement schedule in operant conditioning where rewards are provided after a set period of time for the desired behavior.

Reinforcement

In psychology, a process by which a stimulus increases the likelihood of the behavior that it follows.