If the Value Added of a Firm Is Positive,will the Firm

question 177

Essay

If the value added of a firm is positive,will the firm necessarily have positive profits?

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Definitions:

Observational Learning

A learning process that occurs through observing the behavior of others and the outcomes of that behavior.

Cognitive Learning

Learning based upon mental processes, such as thinking, memory, understanding, and reasoning, rather than by emotional or instinctual responses.

Classical Conditioning

The development of understanding through the combination of a naturally present stimulus and one from the environment.

Adaptability

The ability to change or be changed to fit varied circumstances or environments, often essential for survival, growth, and development.