One of the Factors Explaining the Emergence of Large Firms

question 52

Multiple Choice

One of the factors explaining the emergence of large firms during the 19th and the early 20th centuries, is:

• A)The evolution of customers' tastes over time
• B)The development of management techniques
• C)The improvement in telecommunications
• D)The decrease in administrative costs of the firm relative to the transaction costs

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Definitions:

Psychoanalytic

Pertaining to a theory of psychology which emphasizes unconscious psychological processes and childhood influences on behavior.

Cognitive

Relating to mental processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Non-Directive

A therapeutic approach in counseling and psychotherapy characterized by a minimal degree of guidance from the therapist, allowing clients to lead the conversation and discover solutions to their own problems.

Irrational Beliefs

Thoughts or beliefs that are not based on reality or rational logic, often leading to emotional and behavioral issues.