Explain Why a Company Desirous of Competing in Foreign Markets

question 61

Essay

Explain why a company desirous of competing in foreign markets needs to pay careful attention to where it locates it value chain activities.

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Definitions:

Variable-Interval

In the context of operant conditioning, a schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed.

Instrumental Learning

A type of learning where a behavior is strengthened or weakened, depending on the behavior's consequences, also known as operant conditioning.

Associative Learning

Learning that occurs when a connection is made between two stimuli, or between a stimulus and a response.

Reward or Punishment

Reward or Punishment encompasses the methods used in behavioral psychology to encourage or discourage certain actions or behaviors through the application of positive or negative consequences.