If Many Factors Prevent New Companies from Entering an Industry

question 41

Multiple Choice

If many factors prevent new companies from entering an industry, the

• A)threat of new entrants is more serious.
• B)threat of competitive rivalry is high.
• C)threat to established firms is less serious.
• D)new companies can easily compete with the established ones.
• E)industry is said to have just a few barriers to entry.

Explain the importance of communication in the negotiation process.

Understand the role of perception in negotiation and decision-making processes.

Identify and explain cognitive and perceptual biases in negotiation.

Describe the impact of framing on negotiation tactics and outcomes.

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Definitions:

Behavioural Description Interviews

An interviewing technique where candidates are asked to describe past behavior and experiences relevant to the position they're applying for.

Future Behaviour

Predicted actions or conduct of an individual or group, based on historical data, trends, or psychological analysis.

Unplanned Questions

Questions that arise spontaneously or are not predetermined in an interview or assessment context, often to gauge authentic responses.

Predictors of Future Behaviour

Variables or indicators used to forecast an individual's future actions based on past or present data.