Resources Are Used to Create Goods and Services

question 32

True/False

Resources are used to create goods and services.

Recognize the importance of strategic management over strategic planning for today's managers.

Understand the impact of social media on business strategies and advertising practices.

Analyze the various types of synergies within organizations and their strategic implications.

Apply the ecosystem concept to business and assess its contribution to strategic thinking.

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Definitions:

Instinctive Drift

"The tendency of animals to revert to instinctive behavior that interferes with learning."

Preparedness

The species-specific biological predisposition to learn in certain ways but not others.

Instinctive Drift

The tendency of an animal to revert to instinctive behaviors that interfere with the conditioned response being taught.

Instinctive Learning

The innate ability of an organism to perform a certain behavior the first time it is exposed to the appropriate stimulus.