A firm can differentiate itself in a support activity by purchasing high-quality components to enhance product image such as Apple does with its laptop computers.
Answer the following statement true (T) or false (F)
True
As the name implies, a differentiation strategy consists of creating differences in the product or services of the firm by offering by creating something that is perceived industrywide as unique and valued by customers. An example is the use by Apple of quality in procurement to enhance the product image.
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Which of the following would NOT be considered a requirement in IDEO’s brainstorming?
a. Stay focused on the topic. b. Encourage wild ideas. c. Hold back judgement. d. Eliminate ideas that would not work.
Customers arrive at Rent a Wreck and hope to score an inexpensive and unsightly vehicle to use for what typically is a short period of time
About twenty customers show up in any hour of the day and it takes the customer service representative about two minutes to photocopy their driver's license and insurance card and take an impression of a credit card. Assume that the service and arrival rates are governed by the Poisson distribution; how long does it take for the average customer to clear the system? A) 10 minutes B) 6 minutes C) 3.33 minutes D) 3 minutes
A common focus of financial statement users in evaluating a company's performance and financial condition includes evaluating its (1) ________, (2) ________, and (3) ________.
What will be an ideal response?
Barry's Sport Shop calls Champs Tee Shirt Company to order 200 designer tee shirts at $2 per shirt. The next day, Barry decides he can easily sell 100 more. Before the order is filled, he calls to change the order to 300 tee shirts. Champs sends 200. Can Barry force Champs to send the additional 100?
A) No, because there is no consideration for the extra 100 shirts B) No, because Barry does not have a writing signed by Champs Tee Shirts C) Yes, because this is a subsequent modification of the original contract D) Yes, because Champs Tee Shirts is a merchant within the meaning of Article 2 of the UCC