Social capital is a phrase that refers to all of the following, except:
A. Funds set aside for company events.
B. The goodwill that is engendered by the fabric of social relations.
C. A close relationship between companies and groups in the community.
D. The norms and networks that enable collective action.
Answer: A
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Return on quality (ROQ) results when marginal revenues made possible by a higher quality product exceed the marginal costs of providing the higher quality
Indicate whether the statement is true or false
In analyzing the strength of competition among rival firms, an important consideration is
A. the diversity of competitors in terms of long-term direction, objectives, strategies, and countries of origin. B. whether the industry is characterized by a strong learning/experience curve and whether the industry is composed of many or few strategic groups. C. the potential for buyers to exercise strong bargaining power. D. the extent to which some rivals have more than two competitively valuable competencies or capabilities. E. the number of firms pursuing differentiation strategies versus the number pursuing low-cost leadership strategies and focus strategies.
Over the past several decades
A) the life cycle of products has increased. B) most firms have become more vertically integrated. C) the number of owners per supply chain has increased. D) product variety has decreased.
Alpha Omega compares its practices set by management with the standard set in each unit as a benchmark.
Answer the following statement true (T) or false (F)