Harrison Runs a Bicycle Manufacturing Company

question 101

Multiple Choice

Harrison runs a bicycle manufacturing company. Owing to increasing competition, his company starts losing its customer base. To regain its position in the market, Harrison keenly observes his competitors' business plans and strategies. Subsequently, he incorporates a change in his company's marketing strategy. Eventually, his company starts making profits. This is an example of _____.

• A) delegation
• B) suboptimization
• C) benchmarking
• D) brainstorming

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Definitions:

Cognitive Reappraisal

A strategy involving changing one's interpretation or emotional response to a situation in order to alter its emotional impact.

Self-Regulatory Perseveration

The continuous effort to control one's thoughts, emotions, and actions, even in challenging situations that require sustained self-discipline.

Depression

A mental health disorder characterized by persistent feelings of sadness, loss of interest, and a lack of energy, often accompanied by physical symptoms.

Goal

An objective or desired result that a person or a system aims to achieve, often within a specific time frame.