Andy Dungy Owns a Company That Makes Apple IPod, IPhone

question 55

Multiple Choice

Andy Dungy owns a company that makes Apple iPod, iPhone, and iPad accessories. He is trying to increase his sales, primarily because he knows that increasing production lowers the average cost of each unit produced. The reason for growth illustrated in this example is:

• A) economies of scope
• B) market leadership
• C) influence, power, and survivability
• D) need to accommodate the growth of key customers
• E) economies of scale

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Definitions:

REM Sleep

A unique phase of sleep characterized by random/moving eyes, low muscle tone throughout the body, and the propensity of the sleeper to dream vividly.

Cognitive Theory

A theory of psychology that emphasizes internal processes such as thinking, problem-solving, and information processing in understanding behavior.

Dreaming

A series of thoughts, images, and sensations occurring in a person's mind during sleep, often associated with REM sleep phases.

Daytime Thinking

Cognitive processes and activities that occur during the day, including problem-solving, decision-making, and planning.