In the Model of Competitive Dynamics, Exhibit 8

question 24

True/False

In the Model of Competitive Dynamics, Exhibit 8.4 in the textbook, motivation and capability to respond is one of the reasons companies launch competitive challenges. The Toyota Prius offer set off the competitive dynamic cycle for more fuel-efficient automobiles.

Identify strategies to reduce relationship conflict during constructive conflict episodes.

Understand the role of communication in conflict and conflict management.

Recognize the importance and methods of achieving win-win solutions in conflict resolution.

Understand sources of conflict including resource scarcity and task interdependence.

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Definitions:

Finance Lease

A type of lease in which the lessee has use of the asset for a longer period, which is most of the asset's useful life, and the lease payments cover the full cost of the asset.

Usage Of Trade

Usage of trade refers to the regular practices and methods of dealing in a certain business or trade, which can be considered in interpreting contracts.

Unconscionability

A legal principle related to contracts that are so one-sided or unfair to one of the parties that they are considered voidable.

Unconscionability

A contract term that is so unjust or overwhelmingly one-sided in favor of the party who has the superior bargaining power.