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Identify and Discuss the Basic Components of an Attractive Business

question 119

Essay

Identify and discuss the basic components of an attractive business climate. Also comment on the extent to which a fast-food restaurant franchise might make a different assessment of relevant factors than would a capital-intensive business,such as an oil refinery and pipeline company.


Definitions:

Social-cognitive Perspective

A view in psychology that emphasizes the importance of observational learning, imitation, and modeling in acquiring new behaviors.

Incompetent

Lacking the necessary skills, abilities, or qualifications to perform a particular task or job effectively.

Social-cognitive Perspective

A psychological framework that emphasizes the influence of environmental factors, behaviors, and cognitive processes on learning and development.

Vicious Cycle

A sequence of reciprocal cause and effect in which two or more elements intensify and aggravate each other, leading to a worsening of the situation.

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