The More Consumers Can Obtain Similar Products and Services That

question 3

True/False

The more consumers can obtain similar products and services that satisfy their needs,the less likely firms are to try to establish competitive advantage.

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Definitions:

Deductive Reasoning

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Inductive Reasoning

A logical process in which multiple premises, all believed true or found true most of the time, are combined to obtain a specific conclusion.

Subgoaling

A strategy in which a larger goal is divided into smaller, more manageable goals, facilitating easier achievement of the overall objective.

Algorithms

Fixed, step-by-step procedures for solving problems or completing tasks, often used in computing and mathematical operations for guaranteed solutions.