Group Norms Have Little to Do with How Hard a Group

question 20

True/False

Group norms have little to do with how hard a group member works.

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Definitions:

Standardized Product

Products that are uniform in quality and performance, produced in large quantities, and often interchangeable with products from different manufacturers.

Nonprice Competition

A marketing strategy where companies compete on factors other than price, such as product quality, service, or branding.

Easy Entry

Market condition where there are few if any barriers for new firms to enter and compete in an industry.

Homogeneous Products

Goods that are perfect substitutes for each other; they are identical in quality, function, and appearance.