Which Framework Is Useful for Helping to Understand Cost Drivers

question 35

Multiple Choice

Which framework is useful for helping to understand cost drivers and value drivers?

• A) The value chain
• B) The SWOT analysis
• C) Porter's 5 forces
• D) The directional policy matrix

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Definitions:

Reward

A beneficial outcome or positive stimulus that increases the likelihood of a behavior being repeated through the process of reinforcement.

Tolman's Model

A cognitive theory of learning that emphasizes the role of mental processes and latent learning, proposing that organisms create cognitive maps of their environment.

Hull's Model

A theory proposed by Clark Hull that describes behavior as the outcome of internal drives, environmental stimuli, and reinforcement.

Reward

A positive consequence or incentive that increases the likelihood of a behavior being repeated.