What Was the Major Reason Competition Increased During the Sales

question 86

Multiple Choice

What was the major reason competition increased during the sales era in North American business history?

• A)firms could produce more than they could sell
• B)more sales people were hired
• C)prices increased
• D)barriers to enter were lowered

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.