A Furniture Company Is Trying to Keep the Costs of the Company

question 100

Multiple Choice

A furniture company is trying to keep the costs of the company low by switching its suppliers and ordering materials in larger quantities in order to reduce overall costs. The company is employing a _____.

• A) focused differentiation strategy
• B) low-cost strategy
• C) high-cost strategy
• D) unifying strategy
• E) hypercompetition strategy

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Definitions:

Classical Conditioning

A type of learning described by the Russian physiologist Ivan Pavlov (1849–1936). In classical conditioning, a response is transferred from one stimulus to another. John B. Watson, an early behaviorist, took the view that classical conditioning was the basis for human behavior, including abnormal behavior. See also operant conditioning.

Animal Models

Non-human species used in research to understand biological and psychological processes and to test hypotheses about diseases or behaviors.

Drug Use

The act of consuming drugs or substances in a manner that can range from legal and medicinal to illegal and recreational.