Organic Growth Takes Place When an Organization ________

question 2

Multiple Choice

Organic growth takes place when an organization ________.

• A)expands from within by opening new factories or stores
• B)acquires those companies with which it used to compete
• C)focuses on just one specific line of production
• D)branches into producing numerous other unrelated goods

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Definitions:

Neoclassical Economics

An economic approach that analyzes market mechanisms and the allocation of resources through supply and demand, focusing on rational choices and equilibrium.

Behavioral Economics

A field of economics that studies how psychological, social, cognitive, and emotional factors affect the economic decisions of individuals and institutions.

System 1

Refers to our mental system primarily responsible for quick, instinctual, and often subconscious decisions and judgments, contrasting with deliberate and analytical thinking processes.

System 2

refers to a theory of decision-making proposed by Daniel Kahneman that emphasizes slow, deliberate, and analytical reasoning.