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The Ability of a Firm to Provide Consistent and Fast

question 81

True/False

The ability of a firm to provide consistent and fast delivery allows it to charge a premium price for its products.


Definitions:

Observational Learning

A learning process through which behavior is acquired by watching and imitating others.

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without prior conditioning or learning.

Shaping

A method of training by which successive approximations toward a desired behavior are reinforced.

Partial Reinforcement

A conditioning principle in which a reward or punishment is not administered every time the desired response is performed, leading to more resilient behavior patterns.

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