Which of the Following Is a Strength of a Concentration

question 19

Multiple Choice

Which of the following is a strength of a concentration strategy?

• A)Product obsolescence will rarely affect a firm pursuing this strategy
• B)Executives can develop in-depth knowledge of the business
• C)Risk of bankruptcy is minimal
• D)Firms pursuing this strategy are rarely acquired by another firm
• E)Changes in the environment can dramatically alter profitability

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Definitions:

Observational Learning

A learning process through observing and mimicking the behavior of others.

Bandura's Theory

A psychological concept developed by Albert Bandura that emphasizes learning through observation and imitation of others' behavior.

Bobo Doll Study

A social psychology experiment conducted by Albert Bandura in 1961 to investigate if aggressive behaviors can be acquired by observation.

Bandura

Albert Bandura was a psychologist known for his work in social learning theory, emphasizing the role of observational learning, imitation, and modeling in behavior.