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The Everyday Error That Involves the Reluctance to Change Ideas

question 28

Multiple Choice

The everyday error that involves the reluctance to change ideas even in light of new information is called:


Definitions:

Diversification

A strategy employed by businesses to enter new markets or industries, or develop new products, to reduce risks and dependence on a single income source.

Horizontal Merger

The combination of two or more companies that operate in the same industry or production stage, leading to consolidation.

Real Estate Agency

A real estate agency is a business that arranges the selling, renting, or management of properties and other buildings.

Real Estate Developer

A person or company that invests in and develops the potential of land or buildings, with the aim of selling or leasing properties for a profit.

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