People can add value by helping to reduce costs and providing something unique to customers.
Answer the following statement true (T) or false (F)
True
People are a source of competitive advantage when their skills, knowledge, and abilities are not equally available to all competitors. Top companies invest in hiring and training the best and the brightest employees to gain a competitive advantage.
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Total quality management focuses on reducing waste
Indicate whether the statement is true or false
Which of the following is an example of a top-down budgeting technique used to determine how much a firm will allocate to its promotional activities?
A) the objective-task method B) the percentage-of-sales method C) the push-pull method D) the AIDA method E) the price lining method
If a company uses the periodic inventory system to cost its inventory, the gross profit method is a method that can be used to check on theft when the actual inventory is taken by the company
Indicate whether the statement is true or false
To determine standards when using the production records technique, the total units produced are divided by the total time taken to produce the units
Indicate whether the statement is true or false.