A Recent Article States That

question 287

Multiple Choice

A recent article states that "...gains from two centuries of rapid technological innovation are largely exhausted, and new discoveries lack the same revolutionary quality....{Further}, 80 percent of the growth between 1950 and 1993 came from the new application of old ideas, and these old ideas are now mostly wrung dry."
(The Economist, 03/03/2011)
-The neoclassical growth theory says, in part, that

• A) a population explosion driven by economic growth will end economic growth.
• B) technological change leads to economic growth.
• C) the differences in nation's growth rates will persist indefinitely.
• D) technology does not play a role in economic growth.

Recognize the strategic significance of operations within the value chain.

Understand how firms can create competitive advantages through the value chain.

Recognize the purpose and process of conducting a value chain analysis.

Identify factors that contribute to a firm's cost advantage or differentiation advantage.

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Definitions:

New Research Methods

Innovative approaches, techniques, or strategies employed in the pursuit of understanding, exploring, and analyzing research questions or problems.

Fast And Frugal Heuristics

Decision-making strategies that rely on simple rules or shortcuts to make judgments quickly and efficiently, often with minimal information.

Careful Reasoning

A meticulous process of evaluating information and arguments to reach a reasoned conclusion.

Quick Decisions

The process of making choices or judgments rapidly without taking much time to evaluate options and possible outcomes.