A Generic Market Is One in Which

question 79

Multiple Choice

A generic market is one in which

• A) products from different industries compete for customers by trying to satisfy the same basic need.
• B) no firm can establish a competitive advantage.
• C) a number of firms are all offering new or improved products in an effort to increase sales.
• D) one seller has a patent for a superior product and other competitors imitate the leader with inferior products.
• E) None of these alternatives is true.

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Definitions:

Slow-To-Warm-Up Temperament

A temperament style in children who typically show mild reactions to their environment and new experiences and take longer to adjust to new situations.

Easy Temperament

A temperament characterized by a positive mood, regular bodily functions, and adaptability; children with this temperament generally show low or moderate intensity of reaction and a high level of self-regulation.

Difficult Temperament

A behavioral profile in children characterized by high reactivity, poor adaptability, and a tendency toward negative emotions.

Quiet Infant

A term referring to a baby who is typically less vocal or active, displaying calmness and minimal fussiness.