The Mayo Clinic in Minnesota is known for top-quality medical care. For decades, even presidents and dictators from around the world flew to the Mayo Clinic to utilize its services. The Mayo Clinic used its reputation to create additional medical facilities in Jacksonville, Florida, and elsewhere. This is an example of a firm focusing its efforts on satisfying customer needs that
A. match its core competencies.
B. competitors have tried and failed to satisfy.
C. are important to all generational cohorts.
D. provide minimal core value.
E. are easiest to satisfy.
Answer: A
You might also like to view...
How is the premium or discount on held-to-maturity bond investments presented on the balance sheet?
A) as a part of the cost of the investment and amortized over a period not to exceed five years B) as a part of the cost of the investment and amortized over the remaining life of the bonds C) in a separate account that is reported separately from the bonds and amortized over a period not to exceed five years D) in a separate account that is reported separately from the investment account and not amortized
The student population of Moon University at the end of the last five years is provided in B2:B6. Which formula in B7 will allow you to determine the student population growth rate from the end of year 1 to the end of year 5?
a) =RATE(A6,0,B2,B6)
b) =RATE(A6+1,0,-B2,B6)
c) =RATE(COUNT(B2:B6)-1,0,-B2,B6)
d) =RATE(A2,0,B2,B6)
For years ABC Copier, a copier machine supplier, enjoyed strong sales and a huge share of the copier market, far ahead of its nearest competitor. However, over the years, ABC seldom asked customers for feedback. So when some of ABC's competition responded to customers' needs and started offering copiers with new features (such as wireless printing from laptop and tablet computers), ABC lost much of its market share. ABC's system is best described as
A. open. B. isolated. C. blind. D. internal. E. closed.
For global corporations with facilities in a foreign country, the devaluation of that country’s currency frequently results in ______.
A. lower revenues and profits B. decline in product demand C. loss of market share D. increase in lead time