Proactive Market-Oriented Firms Tend to

question 16

Multiple Choice

Proactive market-oriented firms tend to

• A)focus on customers expressed needs or existing competitive threats.
• B)experience "marketing myopia."
• C)develop and introduce incremental innovations.
• D)suffer from "the innovator's dilemma."
• E)focus on customers latent and future need

Comprehend the coordination and incentive problems in centrally planned economies and how they impact economic efficiency.

Identify the issues related to risk management in both command and market economies.

Understand the implications of private property rights on resource allocation and productive efficiency.

Grasp the concept of consumer sovereignty and its implications for product success in the market.

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Definitions:

Explicit Motivation

A type of motivation that stems from conscious goals, desires, or needs of an individual.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, emphasizing the idea that behavior is influenced by its consequences.

Classical Conditioning

A learning process in which a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit similar responses.

Negative Punishment

Decreasing a behavior by removing a desirable stimulus after the behavior occurs.