Competition plays a key role in the market.
It drives prices down, due to companies wanting to beat their competition, while also forcing companies to produce new technology, such as iPhones, as Apple wants to make more money than Microsoft.
An example would McDonalds having a buy one get one free cheeseburger sale, and the local BurgerKing responds by having a buy one get two.
Answer:
a. son of liberty
Explanation:
The Sons of Liberty were a group of colonial merchants and tradesmen founded to protest the Stamp Act and other forms of taxation. The group of revolutionists included prominent patriots such as Benedict Arnold, Patrick Henry and Paul Revere, as well as Adams and Hancock.
Asch is to conformity as Milgram is to disobedience.
Asch is an experiment of subjects to conform using different methods that would influence conformity.
Milgram used an experiment of using electric shock for disobedience. It did change some of the subjects but the number was not significant enough that this could entirely make a person obedient.
Answer:Skill‐based pay programs
Explanation:
S.B.P abbreviated as Skill‐based pay are known as the programs or compensation system that tends to provide employees with rewards i.e. additional pay or incentives in return for certification of worker's mastery of the knowledge, skills, and the competencies. The skills are thereby attained and thus apparent expertise in performing assignment.
