Industries in Which Proportionally More Value Is Added in Upstream

question 80

True/False

Industries in which proportionally more value is added in upstream activities are more likely to benefit from a global strategy than those in which more value is added downstream (closer to the customer).

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Definitions:

Mental Set

A tendency to approach problems in a particular way, often based on past experiences, which may limit the ability to find solutions.

Noncompensatory Modeling

Noncompensatory Modeling is a decision-making strategy where alternatives are evaluated on key criteria, and an option is selected without making trade-offs among these criteria.

Latent Learning

Learning that remains hidden until its application becomes useful.

Creativity

The process of solving problems by combining ideas or behavior in new ways.