Erikson's Psychosocial Theory of Development Is Based on the Idea

question 104

Multiple Choice

Erikson's psychosocial theory of development is based on the idea that development occurs from the interaction between internal drives and

• A) cognitions.
• B) cultural demands.
• C) environmental reinforcements or punishments.
• D) defence mechanisms.

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Definitions:

Margin Lost

The reduction in the potential profit margin due to factors such as discounts, errors, or inefficiencies.

Understocking

A situation where inventory levels are too low, potentially leading to lost sales and customer dissatisfaction.

Responsive Strategies

Responsive strategies are tactics adopted by businesses to quickly react to changes in market conditions or consumer preferences to stay competitive.

Demand Uncertainty

The unpredictability or variability in consumer demand for products or services.