Not All of the Members of Everyday Categories Have the Same

question 19

Multiple Choice

Not all of the members of everyday categories have the same features. Most fish have gills, fins, and scales. Sharks lack the feature of scales, yet they are still categorized as fish. This poses a problem for the ___________ approach to categorization.

• A) prototype
• B) exemplar
• C) definitional
• D) family resemblance

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Definitions:

Profitability Ratios

Financial metrics used to evaluate a company's ability to generate earnings as compared to its expenses and other relevant costs.

Strategy Development

Strategy development involves formulating plans and policies to achieve major business goals and objectives, taking into consideration the resources available and the external environment.

Resource-Based View

A framework for understanding competitive advantage that emphasizes the strategic value of a firm's resources and capabilities.

Competitive Advantages

The attributes that allow an organization to outperform its competitors, including cost structure, product offerings, brand, and customer service.