Which of the following is NOT included in calculating the cost of quality?
a. activities to prevent poor quality
b. activities to measure quality
c. activities to fix poor quality
d. activities to fix price
d. activities to fix price
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A(n) _______________ leader is one who is focused on developing a long-term vision for the company and who uses a charismatic personality to communicate his or her vision to the employees.
a. Transactional b. Transformational c. Rational d. Committed
What is the essential component in a new venture’s go-to-market approach?
a. Its distribution channel b. Its perceptual mapping c. Its ecosystem mapping d. Its R&D
_______________ strategies are based on designing, producing, marketing, and delivering a product or service more efficiently than competitors.
a. Low cost b. Differentiation c. Latent d. Competitive
Nora enters into a contract with Oceanic Transport, Inc, to insure and ship a painting from France to the United States for a certain price. But Oceanic makes a mistake in adding the costs, which results in a contract price that is $1,000 less than the true cost. Most likely, a court would
a. allow the parties to rescind the contract. b. award damages to Nora for the mistake. c. award damages to Oceanic for the mistake. d. enforce the contract as is.