______________Means Restating What You Hear in Your Own Words

question 1

Multiple Choice

______________means restating what you hear in your own words.

• A) Active talking
• B) Paraphrasing
• C) Differential
• D) Supportive communication

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Definitions:

Fast-Second Strategies

Business tactics employed by companies to quickly follow innovators, capitalizing on the market research and initial developments made by the first movers without bearing the same risks or costs.

Dominant Firms

Companies that have a major share of the market and can significantly influence the market's dynamics.

Start-Up Firms

Are newly established businesses often characterized by innovation and scalability, typically in the technology sector, focusing on filling a niche or disrupting existing markets.

Total Cost

The overall sum of expenditures involved in manufacturing goods or providing services, incorporating both fixed and variable expenses.