Firms That Produce Only a Small Number of Products Tend

question 8

Multiple Choice

Firms that produce only a small number of products tend to have

• A) more but smaller production facilities.
• B) only one production facility.
• C) fewer and smaller production facilities.
• D) fewer but larger production facilities.
• E) more and larger production facilities.

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Definitions:

Behaviorism

A school of psychology that seeks to define psychological research in terms of observable measures emphasizing the scientific study of behavior.

Objectivity

The quality of being unbiased, unprejudiced, and based on observable phenomena and facts.

Research Methods

Systematic procedures for collecting and analyzing data to increase understanding of a topic or issue.

Mental Representations

The internal images, ideas, concepts, and thoughts that represent one's external reality.