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If Customers in Other Countries Are Interested in the Products

question 301

True/False

If customers in other countries are interested in the products a firm offers, or could offer, serving them may improve economies of scale.


Definitions:

Mood Contagion

The phenomenon where one person's mood or emotional state triggers similar moods or emotions in others around them.

Social Loafing

The phenomenon of individuals making less effort to achieve a goal when they work in a group than when they work alone.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, politics, or being consistent with the accepted standards in a society.

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting beliefs, values, or attitudes.

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