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Overlooked Competition Is Not a Critical Risk in a Business

question 49

True/False

Overlooked competition is not a critical risk in a business plan.


Definitions:

Fundamental Attribution Error

The habit of focusing too much on someone's personal attributes and overlooking the circumstances when assessing their behavior.

Cognitive Dissonance

The psychological dissonance faced when someone maintains a variety of opposing beliefs, ideas, or values simultaneously.

Foot-In-The-Door Phenomenon

A psychological tactic involving getting a person to agree to a large request by first setting them up to agree to a modest request.

Attitude

An inclination of the mind depicted by appraising a given entity with a level of approval or disapproval.

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