The ________ Refers to Systematic Reductions in Production Costs That

question 94

Multiple Choice

The ________ refers to systematic reductions in production costs that have been observed to occur over the life of a product.

• A) economies of scale
• B) value creation
• C) location economies
• D) experience curve

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Definitions:

Biological Basis

The underlying physiological and genetic components that attribute to specific behaviors, traits, or conditions.

Observational Learning

The process of learning through watching others, retaining the information, and then later replicating the behaviors that were observed.

Prosocial Behavior

Positive, constructive, helpful behavior. The opposite of antisocial behavior.

Classical Conditioning

A training process in which two stimuli are repeatedly coupled; the response that first comes from the second stimulus, in the end, comes from the first stimulus without the second.