Standardization Describes What Happens When Innovation Pushes Out the Efficiency

question 70

True/False

Standardization describes what happens when innovation pushes out the efficiency frontier in an industry, allowing for greater value to be offered through superior differentiation at a lower cost than was previously thought possible.

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Definitions:

Thanatos

In Freudian psychoanalysis, the death drive opposing Eros (the life drive), symbolizing an instinctive attraction to death and self-destruction.

Libido

In psychoanalytic theory, the energy of the sexual drive as a component of the life instinct.

Freud

Sigmund Freud was an Austrian neurologist who founded psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Psychosexual Development

Freud's theory that child development occurs in a series of fixed stages, each characterized by sexual interest and pleasure centered on a particular area of the body.