External and Relatedness Are the First Two Groups of Needs

question 111

True/False

External and relatedness are the first two groups of needs in Aldefer's ERG theory.

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Definitions:

Inventory Carrying Cost

The total costs associated with holding and storing unsold goods, including expenses such as warehousing, insurance, deterioration, and opportunity cost.

Long-Term Care Facility

A living arrangement for people who need constant care and significant assistance with daily living activities over an extended period.

Railroad

An industry sector focused on the transportation of goods and passengers via trains and tracks.

Service-Dominated Offerings

Products or solutions characterized predominantly by intangible components, where the service element is a key value proposition.