When a Firm's Competitive Advantage Is Based on Technological Competence

question 100

True/False

When a firm's competitive advantage is based on technological competence, a joint venture is the preferred mode of entry into a foreign market because it reduces the risk of losing control over that competence.

Recognize the importance and process of maintaining a corporation's compliance with legal requirements.

Distinguish between broadly held and closely held corporations and understand their characteristics.

Analyze the implications of corporate dissolution and the concept of corporate perseverance.

Understand the impact of tariffs and quotas on domestic prices and production.

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Definitions:

Positively Punished

The addition of an unpleasant stimulus in response to a behavior, resulting in a decrease in the likelihood of that behavior being repeated.

Negatively Punished

A term in behavioral psychology referring to the decrease in the frequency of a behavior due to the removal of a pleasant stimulus following the behavior.

Positive Reinforcer

A stimulus which, when presented after a behavior, increases the likelihood that the behavior will occur again.

Negative Reinforcer

A stimulus whose removal following a behavior increases the likelihood that the behavior will occur again in the future.