When Price Is Likely to Be the Major Basis of Competition

question 22

Multiple Choice

When price is likely to be the major basis of competition in an industry,firms should not make investments that send a(n) ________ signal.

• A)soft
• B)tough
• C)explicit
• D)tacit

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Definitions:

Weight-Loss

The process of reducing one's total body mass through diet, exercise, or a combination of both.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that human needs are organized in a hierarchy from physiological needs to self-actualization.

Safety Needs

According to Maslow, the second level of human needs, emphasizing personal security, health, and well-being.

Need For Power

A psychological drive that reflects an individual's desire to control or influence others.