Your Way, Inc
Eric buys companies that are small or companies in financial trouble. He helps these companies turn around and develop a competitive advantage. The company that he recently purchased is called Your Way, Inc The company sells men's clothing and accessories. Your Way keeps the sewing machines for clothes manufacturing at a separate production facility so that the store location
space can be reserved for display and selling.
After looking over the different products available, Eric realized that the company's previous owner was not aware of the product life-cycle because the company kept items that were obviously too old and out-of-date. Also, because of the high turnover, employees did not have good knowledge of the different product lines and did not know the difference between a product line and a product mix. To move the company forward, Eric thought of the following two measures: first, developing a new product to incorporate into the product mix; and second, eliminating the out-of-date products.
Refer to Your Way, Inc What type of products is sold at Your Way?
A) Shopping products
B) Business products
C) Specialty products
D) Convenience products
E) Unique products
A
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________ helps to overcome barriers such as increased regulation, rising research and development costs, and shortened product lifestyles, which is why the use of this market-entry strategy has increased significantly in recent years.
Fill in the blank(s) with the appropriate word(s).
If a U.S. citizen and an alien are equally qualified for the same job, then employers are permitted to give preference to U.S. citizen over an alien, under the:
a. Occupational Safety and Health Act. b. Immigration Reform and Control Act. c. Civil Rights Act. d. National Labor Relation Act.
Over the past 89 years, we have observed that investments with the highest average annual returns also tend to have the highest standard deviations of annual returns. This observation supports the notion that there is a positive correlation between risk and return. Which of the following answers correctly ranks investments from highest to lowest risk (and return), where the security with the highest risk is shown first, the one with the lowest risk last?
A. Small-company stocks, long-term corporate bonds, large-company stocks, long-term government bonds, U.S. Treasury bills. B. Large-company stocks, small-company stocks, long-term corporate bonds, U.S. Treasury bills, long-term government bonds. C. Small-company stocks, large-company stocks, long-term corporate bonds, long-term government bonds, U.S. Treasury bills. D. U.S. Treasury bills, long-term government bonds, long-term corporate bonds, small-company stocks, large-company stocks. E. Large-company stocks, small-company stocks, long-term corporate bonds, long-term government bonds, U.S. Treasury bills.
Paul purchased a house and also purchased fire insurance coverage on the house. The policy contained an 80 percent coinsurance clause. Paul maintained coverage in the amount of $150,000 and the value of the house was $250,000. A fire caused a loss of $100,000. Paul will collect: A)the full $100,000, because he had coverage for $150,000
B)only part of the $100,000 loss, because he failed to maintain coverage at 80 percent of the value of the house. C)nothing, because he failed to maintain coverage at 80 percent of the value of the house. D)80 percent of $250,000, or $200,000.