Economies of Scale Are Created by Greater Efficiency of Capital

question 5

Multiple Choice

Economies of scale are created by greater efficiency of capital and by:

• A) longer chains of command in management.
• B) better wages for labor.
• C) smaller plant sizes.
• D) increased specialization of labor.

Understand the strategical approach in global brand positioning and the impact of cultural factors on brand perception.

Understand the structure and components of the working memory model as proposed by Alan Baddeley.

Differentiate between types of memory: sensory, short-term, and long-term.

Recognize the capacity limits and strategies for enhancing short-term memory.

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Definitions:

Direct Instruction

A teaching method that involves explicit and systematic teaching through lectures or demonstrations of the material to students.

Constructivist Approach

An educational theory that emphasizes learning as an active process, where learners construct new ideas or concepts based upon their current/past knowledge.

External Motivation

Motivation to engage in an activity due to outside factors such as rewards or pressure from others, rather than for personal satisfaction or enjoyment.

Internal Motivation

The drive to act or engage in an activity for its inherent satisfaction or fulfillment rather than for some separable consequence or external reward.