Many small businesses whose competitors are national franchises advertise "we are locally owned" or "we have been here since 1951." This is part of these firms'
A. customer excellence strategy.
B. market segmentation strategy.
C. target market.
D. positioning strategy.
E. business mission.
Answer: D
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15) What is a boundaryless career?
a) Upward progression of roles b) Subjective sense of where one’s work life is going c) Working as an expatriate d) Promotion based on skills gained in overseas experiences
Which of the following statements are true about quality?
I. Quality can be inspected into a product. II. Poor quality has no effect on work flow. III. The process must be capable of producing the required quality consistently. IV. Machinery must be maintained in excellent condition. A) I, II, III and IV B) III and IV only C) II and III only D) I and IV only E) I and II only
A company had total sales of $600,000, net sales of $550,000, and an average accounts receivable of $90,000. Its accounts receivable turnover equals:
A. 1.1 B. 63.0 C. 6.3 D. 6.1 E. 54.8
Which of the following statements is a characteristic of an effective control system?
A. It should indicate the ability a company has to pay its current liabilities. B. It should indicate cause-and-effect relationships. C. It should not be the responsibility of one individual. D. It should not be quantifiable.