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The Increase of Manufacturing in Lower-Wage Countries Like China Is

question 5

Multiple Choice

The increase of manufacturing in lower-wage countries like China is part of the reason prices for televisions have continued to decrease even as technology has improved. This is a benefit of which type of factors in the business environment?


Definitions:

Categorize Objects

The cognitive process of organizing items into groups or classes based on shared characteristics or attributes.

Piaget's Preoperational

A stage of cognitive development in Jean Piaget's theory, occurring roughly between the ages of 2 and 7, characterized by the development of language and symbolic thinking but lacking in logical operations.

Cognitive Development

The process by which an individual's ability to think, understand, and interact with the world evolves and matures over time.

Categorize

To place into groups or classes based on shared characteristics or attributes.

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