In the Decline Stage,sales and Profits of the Firms in an Industry

question 12

True/False

In the decline stage,sales and profits of the firms in an industry begin a falling trend.

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Definitions:

Blue Eye-Brown Eye Project

A famous exercise in discrimination conducted by teacher Jane Elliott to teach her students about racism by dividing them based on eye color.

Jane Elliott

Jane Elliott is an American schoolteacher known for her "blue eyes–brown eyes" exercise, which she developed to illustrate the effects of racism and prejudice to her students following the assassination of Martin Luther King Jr.

Conforms

To behave according to the conventional standards, rules, or laws set by a group or society.

Normative Social Influence

It is the influence of other people that leads us to conform in order to be liked and accepted by them.