The Likelihood of a Competitive Reaction to a Firm's Strategy

question 14

Multiple Choice

The likelihood of a competitive reaction to a firm's strategy is higher in an industry

• A) that produces highly differentiated products
• B) characterized by small order size
• C) with non-standard operating procedures
• D) that produces an homogenous product

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Definitions:

Moral Development Theory

A framework that discusses how people evolve in their understanding and reasoning about what is right and wrong.

Preconventional

The first level in Kohlberg's stages of moral development, where moral reasoning is based primarily on external consequences and personal benefit.

Conventional

Pertaining to what is considered typical, traditional, or in accordance with established norms and standards.

Postconventional

Referring to the stage of moral development at which an individual's sense of ethics comes from internal beliefs that transcend societal norms and laws.