Explain the relationship between habits and the habit loop.
What will be an ideal response?
Habit is a sometimes unconscious pattern of behavior that is carried out often and regularly. Good habits can be learned through a “habit loop”—a process by which our brain decides whether or not a certain behavior should be stored and repeated. If we feel rewarded for our behavior, then we are more likely to continue doing it. For
example, toothpaste companies instigate a habit loop in consumers by not just advertising the hygiene benefits of brushing teeth, but also the “tingling, clean feeling” we get afterwards—the reward. People are more likely to get into a tooth brushing habit loop as a result.
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Define "social contract ethics."
What will be an ideal response?
The fastest-growing sales trend is ________ that involves the use of online, mobile, and social media to engage customers, build stronger customer relationships, and augment sales performance
A) personal selling B) online selling C) social selling D) teleselling E) videoconferencing
A disadvantage of hiring local managers is that they are often ______ with the home country of the IC and with its corporate culture, policies, and practices.
Fill in the blank(s) with the appropriate word(s).
To compete in the marketplace, firms need to what resources to achieve, profit, and survive?
a. technology, human, and inventory b. physical, human, and technology c. financial, technology, and inventory d. physical, organizational, and human