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How Can a Firm Develop (Or Enhance)its Advantages in the Marketplace

question 31

Essay

How can a firm develop (or enhance)its advantages in the marketplace by having strong,positive interrelationships among its value chain activities and those of its suppliers and customers? Provide an example.


Definitions:

Shaping

A method of training or teaching by which successive approximations toward a desired behavior are reinforced.

Reinforcer

Any stimulus that increases the likelihood that a preceding behavior will occur again.

Discriminative Stimuli

Stimuli that signal the availability of reinforcement or punishment, influencing the likelihood of a specific behavior occurring.

Discriminative Stimulus

A type of stimulus that signals the availability of reinforcement or punishment, guiding the organism's behavior towards or away from specific responses.

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