When Trust Is Cognition-Based, It Means That Trust Depends on Feelings

question 30

True/False

When trust is cognition-based, it means that trust depends on feelings toward the authority that go beyond any rational assessment.

---

Definitions:

Competitive Price-searcher Markets

Markets where firms have some power to set prices due to differences in the products they offer, even though they must consider the potential entry of new competitors.

Potential New Entrants

Businesses or individuals that could potentially enter a market and compete with existing entities.

Existing Firms

Companies or businesses that are currently operating in the market, as opposed to new entrants or startups.

Competitive Price-searcher Market

A market where firms have some control over the prices they charge because their products are differentiated, leading them to actively search for competitive pricing strategies.