James and McDougall Were Proponents of Which of the Following

question 50

Multiple Choice

James and McDougall were proponents of which of the following theories of motivation?

• A)drive theory
• B)incentive theory
• C)instinct theory
• D)cognitive theory

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Definitions:

Product Differentiation

A business tactic employed to differentiate their product in the market from those that are similar.

Marginal Revenue

The increase in income resulting from the sale of an extra unit of a good or service.

Average Revenue Curve

A graphical representation showing how the average revenue per unit sold varies with the quantity sold.

Perfect Competition

A market structure characterized by many firms offering identical products, free entry and exit of firms, and full information availability, leading to efficient outcomes.