When a Firm Strives to Find Ways to Help Its

question 92

Multiple Choice

When a firm strives to find ways to help its suppliers and customers reduce their costs or to increase the costs of their competitors, it is pursuing a strategy of _______________.

• A) innovation
• B) alliance
• C) cost leadership
• D) growth

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Definitions:

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of correct responses, often leading to high rates of response.

Variable Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, in operant conditioning.

Variable Ratio

A reinforcement schedule in operant conditioning where a response is reinforced after an unpredictable number of responses.

Fixed Interval

A type of reinforcement schedule in operant conditioning where rewards are provided after a specific, constant amount of time has passed.