Technological innovation can support a ________ strategy, in which an advantage comes from having a unique good or service for which customers are willing to pay a premium price.
A) concentration
B) vertical integration
C) low-cost
D) diversification
E) differentiation
E) differentiation
With a differentiation strategy, the advantage comes from having a unique good or service for which customers are willing to pay a premium price. Technological innovations can support differentiation by pioneering unique goods or services that increase buyer value and thus command premium prices.
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In which type of conversation, would a person and his/her adviser step back and look at all the things that are going on, making sure that where he/she intends to go is consistent with his/her mechanisms for getting there?
a. The visionary conversation b. The sounding-board conversation c. The big-picture conversation d. The “expertise in inquiry” conversation
The basis for all strategic and planning decisions in a supply chain comes from
A) the forecast of demand. B) sales targets. C) profitability projections. D) production efficiency goals.
Timberline Lumber, Inc, sued Teal Developers, Inc, because Teal had failed to pay a $43,000 bill owed to Timberline. Both companies are incorporated in Montana and operate only in Montana. Timberline lost at the trial and now wants to appeal the
decision. Answer the following questions: a. What court would have jurisdiction over the suit? b. Who is the plaintiff? Who is the defendant? c. On appeal, who is the appellant? d. What grounds would cause the appellate court to reverse?
You are using a capital budgeting method to assess the worth of your company's new information system. Which of the following costs would you include in measuring the cash outflow?
A) increased sales of products B) hardware and software expenditures C) labor expenditures D) reduced costs in production and operation E) both B and C