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Define the following terms: (a)norm, (b)norm variation, (c)norm conformity, (d)norm generalization,and (e)socialization.What factors influence the degree of norm conformity?
Danfoss
A global company specialized in engineering solutions, often focusing on energy-efficient, climate-friendly technologies.
Panasonic
A multinational electronics corporation based in Japan, known for its wide range of electronics and home appliance products.
Strategic Behavior
Actions taken by firms or individuals that consider the expected reactions of other participants and attempt to optimize their own position accordingly.
Excess Capacity
The situation where a firm is producing at a level less than its maximum potential output due to insufficient demand or deliberate strategic choices.
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