Pressures for ________ Imply That It May Not Be Possible

question 62

Multiple Choice

Pressures for ________ imply that it may not be possible for a firm to realize the full benefits from economies of scale, learning effects, and location economies.

• A) local responsiveness
• B) profitability
• C) value creation
• D) global standardization

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Definitions:

Proletariat

The class of wage-earners in a capitalist society who, having no capital, sell their labor to live.

Bourgeoisie

The class that, in Marxist contexts, owns the means of production in a capitalist society, often opposed to the proletariat class.

Sociology

The study of human society, social behavior, patterns of social relationships, social interaction, and culture that surrounds everyday life.

Objective Reality

A concept referring to the existence of objects, facts, or phenomena independent of human perception and beliefs.