At a Trade Show, a Manager Discusses with His Competitor

question 68

Multiple Choice

At a trade show, a manager discusses with his competitor several different ideas on how to serve customers better. The competitor then uses some of these ideas in her organization. This is an example of ________.

• A) natural selection
• B) normative isomorphism
• C) a collusion agreement
• D) coercive isomorphism

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Definitions:

Convex Preferences

A preference structure in consumer theory where combinations of goods are preferred over single goods, indicating a love for diversification.

Income

A measure of money received by an individual or household over a certain period of time, typically earned through work, investments, or other sources.

Price

The amount of money required to purchase a product or service, typically determined by supply and demand dynamics.

Marginal Rate

The rate at which one quantity changes with respect to a change in another, at the margin, especially in the context of cost or tax.