Which of the Following Is an Example of a Producer

question 62

Multiple Choice

Which of the following is an example of a producer taking advantage of economies of scope?

• A)A farmer buys more land so he can produce more soybeans.
• B)GM closes a Chevy truck plant in response to a decline in the demand for trucks.
• C)Disney World stays open later to serve more customers per day.
• D)A dairy farmer produces cow's milk and butter.
• E)A mouthwash firm expands production by improving management efficiency.

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Definitions:

Autonomy

The capacity to make an informed, uncoerced decision; in psychology, it often relates to the sense of control or agency over one's actions and life.

Relatedness

The feeling of being connected or related to others, which is essential for fostering social bonds and personal relationships.

Existence Needs

Basic physical and material well-being necessities like food, shelter, and safety that individuals require.

Growth Needs

Psychological requirements that drive personal development, self-improvement, and the fulfillment of one's potential.