Scenario: Better Mousetrap Inc

question 80

Multiple Choice

Scenario: Better Mousetrap Inc.
Better Mousetrap Inc. is a manufacturing company that sells pest control products. Recently the company launched an innovative mousetrap with a unique design that has been selling well in the U.S. market. Senior Vice President Marc Wallace, even recommended expanding sales overseas in order to increase company revenues.
-National competitive advantage theory states that a nation's competitiveness in an industry depends on ________.

• A) the capacity of companies to create barriers to entry
• B) the capacity of the industry to innovate and upgrade
• C) the availability of government subsidies for industry development
• D) the availability of cheap factors of production in the nation

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Definitions:

Conditioned Stimuli

Previously neutral stimuli that, after association with an unconditioned stimulus, elicit a conditioned response.

Unconditioned Stimuli

A stimulus that naturally triggers a reflexive response without prior conditioning.

Primary Reinforcer

A stimulus that satisfies a basic biological need, such as food, water, or shelter, which is inherently rewarding.

Token Economy

A behavioral modification technique based on systematic reinforcement, using tokens as a form of currency that can be exchanged for desired rewards.