Kevin Is Offended When His Manager Stops by His Desk

question 3

Multiple Choice

Kevin is offended when his manager stops by his desk and places his hand on Kevin's arm while he talks with him. Kevin feels constrained by the situation. His manager is demonstrating _____ touch.

• A) functional
• B) social-polite
• C) love-intimate
• D) demand

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Definitions:

Barriers To Entry

Factors that prevent or hinder companies from entering a particular market or industry.

Barriers To Exit

Factors that make it difficult or costly for a company to leave a market or industry.

Competitive Industry

An industry characterized by many firms competing with each other by offering similar products or services, typically resulting in benefits for consumers through lower prices and higher quality.

Economic Profits

Economic profits represent the surplus revenue after all costs, including opportunity costs, have been deducted from total revenues, reflecting the real profitability of a venture.