Use the Following Table to Answer the Question : Table

question 44

Multiple Choice

Use the following table to answer the question : Table 15-3: Abbott and Costello are two firms that compete with each other in the market for ice-cream.They can price their product at a high,medium,or low price.The following matrix shows their profits from their respective pricing strategies.

-Refer to Table 15-3.When Costello chooses the low-pricing strategy,Abbott's highest possible profit is:

• A)$50
• B)$21
• C)$107
• D)$115

---

Definitions:

Terminal Values

Reflect a person’s preferences concerning the “ends” to be achieved.

Instrumental Values

Instrumental values reflect a person’s beliefs about the means to achieve desired ends.

Uncertainty Avoidance

A cultural dimension that describes the degree to which members of a society attempt to cope with anxiety by minimizing uncertainty.

Hofstede's Framework

A model that identifies and analyzes five dimensions of cultural differences across countries, impacting workplace behaviors and values.