Which of the Following Is a Method Firms Can Use

question 26

Multiple Choice

Which of the following is a method firms can use to counteract price fluctuations and eliminate income risk?

• A)Manufacture all needed inputs internally
• B)Acquire upstream firms in the vertical chain
• C)Enter into futures contracts to hedge the price of raw materials
• D)Eliminate competitors by under-cutting their price
• E)None of the above

Understand the concept and impact of confounding variables in research designs.

Understand the importance and methods of reducing bias in psychological experiments.

Comprehend the ethical considerations in psychological research, including informed consent and debriefing.

Identify the role of theoretical frameworks and definitions in psychology research.

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Definitions:

Lewin's Force Field Analysis

A conceptual framework for analyzing the factors (forces) that influence a situation, identifying those that support a particular goal (driving forces) and those that oppose it (restraining forces).

Restraining Forces

Factors that resist or oppose change within an organization, hindering its progress and adaptation.

Driving Forces

Factors that actively contribute to the movement, change, or development of certain processes or outcomes.

Unfreezing

The initial phase in the change process where existing behaviors, attitudes, or norms are challenged and destabilized.