All of the Following,except One,are Possible Explanations for Why Large-Scale

question 102

Multiple Choice

All of the following,except one,are possible explanations for why large-scale operations may not be as important for firms in many industries in the future.

• A)Economies of scale are becoming less important in some industries because of new technology.
• B)Financial capital is now more readily available to small firms than it used to be.
• C)Consumer demand is shifting towards more customized products.
• D)Very large,established firms are often less flexible.
• E)Small firms can advertise their products on TV for a per unit cost that is just as inexpensive as large firms.

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Definitions:

Higher-order Conditioning

A complex form of classical conditioning where a stimulus previously paired with a primary unconditioned stimulus becomes a conditioned stimulus for further training.

Extinction

In psychology, the process through which a conditioned response decreases or disappears after the conditioned stimulus is repeatedly presented without the unconditioned stimulus.

Higher-order Conditioning

A learning process in which a stimulus that was previously neutral is paired with a conditioned stimulus to produce the same conditioned response as the original conditioned stimulus.

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention, until it is associated with an unconditioned stimulus.