In the ERG Theory, Existence Need Corresponds to Maslow's Physiological

question 97

True/False

In the ERG theory, existence need corresponds to Maslow's physiological and safety needs.

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Definitions:

Payoff Matrix

A table showing the potential outcomes or payoffs from different decisions or strategies in game theory.

Duopoly

A market structure characterized by two producers or sellers dominating a particular industry or sector.

Profit

is the financial gain made in a transaction or business operation, calculated as the difference between revenue and costs.

Collude

The act of cooperating or conspiring, especially in a deceitful way, typically between competitors to fix prices or rig markets.