The Two Factors That Determine the Extent to Which Firms

question 31

True/False

The two factors that determine the extent to which firms will be in direct competition with one another are market commonality and resource similarity.

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Definitions:

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Stimuli

External factors or changes in the environment that can elicit responses from an organism or a sensory system.

Organizations

Groups or entities that are structured and managed to meet a particular need or to pursue collective goals.

Motives

Internal driving forces that compel individuals to act or behave in certain ways, often based on needs and desires.