Modelling Theory, a Form of Social Learning Theory, Asserts That

question 38

True/False

Modelling Theory, a form of social learning theory, asserts that people learn how to act by observing others.

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Definitions:

Product Line

A series of related products offered by a single company designed to serve a particular customer need or market.

Goods

Goods are tangible products or items that can be sold or bought, providing satisfaction and value to the consumer, ranging from food items to electronic gadgets.

Cannibalization

When a company's new product eats into the sales of one of its existing products.

Disruptive Technology

An innovation that significantly alters the way consumers, industries, or businesses operate, often displacing established technologies.