A group of shoe manufacturing firms purchases raw materials collectively from a single supplier to obtain better deals. This is an example of obtaining competitive advantage by ________.
A. locking in customers
B. enhancing the products
C. differentiating the industry
D. creating a new service
E. establishing alliances
Answer: E
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Compare and contrast the characteristics of in- and out-groups.
What will be an ideal response?
A software development ____ is a programming environment designed to write software for a particular platform.
A. bundle B. set C. kit D. package
The accuracy of the Statement of Cash Flows can be verified by computing the change in the balance of the:
A) cash and cash equivalent accounts. B) equity account. C) revenue accounts. D) asset and liability accounts.
A business plan is a written document that sets out the basic idea underlying a business and its related startup considerations.
Answer the following statement true (T) or false (F)