Which of the Following Arises When Two or More Enterprises

question 110

Multiple Choice

Which of the following arises when two or more enterprises encounter each other in different regional markets, national markets, or industries?

• A)Monopoly
• B)Monopsony
• C)Cartel
• D)Multipoint competition
• E)Oligopsony

Appreciate the distinctive needs of mobile and social media marketing strategies.

Understand ethical concerns and legal requirements in marketing, including privacy, truthfulness, and deceptive practices.

Grasp the dynamic of engaging and building trust with the audience through ethical persuasion and transparency in marketing practices.

Understand the concept of conversation marketing and its role in promoting messages on social media.

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Definitions:

Externality

A term in economics that describes a cost or benefit that affects a party who did not choose to incur that cost or benefit.

Internality-Externality

A psychological dimension that distinguishes between individuals who attribute outcomes to their own control (internality) and those who attribute them to external forces (externality).

Locus of Control

Locus of control is a psychological concept that refers to individuals' belief about the extent to which the outcomes of their actions are under their own control (internal locus) or influenced by external factors (external locus).

Reinforcement Contingency

Reinforcement contingency is a term in behavioral psychology that refers to the relationship between a behavior and its consequence, emphasizing that a behavior must be followed by a reinforcement for the behavior to be increased.