In creating a culture for corporate entrepreneurship leadership is important.
Answer the following statement true (T) or false (F)
True
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To profitably employ a best-cost provider strategy, a company must have the resources and capabilities to
A. do a better job than rivals of adopting the best operating practices. B. have the best cost (as compared to rivals) for each activity in the industry's value chain. C. sell a product with the best cost at the best price. D. provide buyers with the best attributes at the best cost. E. incorporate attractive or upscale attributes into its product offering at a lower cost than rivals.
A day-by-day listing of the transactions of a business is called a journal
Indicate whether the statement is true or false
Dumping occurs when a company ________
A) entering a foreign market charges either less than its costs or less than it charges at home B) entering a foreign market charges more than the price in its home market C) entering a foreign market charges prices that are lower than those charged by its competitors in this market D) sets its price equal to its average cost of production E) exports its products to a foreign country to increase its revenue in spite of excess demand in the home country
Which of the following statements is inaccurate in defining culture?
a. Culture is a way of behaving, thinking, and acting that is learned and shared by the organization’s members. b. Culture is “the way we do things around here.” c. No culture is static and immovable. d. No culture can be easily copied by others.