Which of the following examples illustrates a niche strategy?
a. Libra, a motor company, uses new production techniques to achieve economies of scale.
b. Alpha Electronics has decided to dissolve one of its strategic business units.
c. Venus Inc. has decided to target customers in Asia.
d. Relish, a confectionery store, sells its products only in one city.
ANSWER: d
Relish is most likely to be using a niche strategy. Many companies that use a niche strategy serve only a limited geographic market.
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Inspection costs at one of Ratulowski Corporation's factories are listed below: Units Produced Inspection CostsApril777 $10,176May807 $10,404June798 $10,355July835 $10,665August822 $10,542September795 $10,313October805 $10,409November853 $10,795December796 $10,310Management believes that inspection cost is a mixed cost that depends on units produced. Using the high-low method, the estimate of the variable component of inspection cost per unit produced is closest to:
A. $8.14 B. $0.12 C. $7.05 D. $12.89
In the series of field studies on work groups which included Mexicans, Mexican Americans and Europeans Americans; which group was far less likely to recall interpersonal and social emotional dynamics?
a. Their were no significant differences b. Mexicans c. Mexican-Americans d. European Americans
We Care, a nonprofit environmental organization, believes that Quanaco is violating the Clean Air Act. The EPA has not taken any action against Quanaco. We Care can file a citizens' suit against the EPA
a. True b. False Indicate whether the statement is true or false
Which of the following is not a perspective used by the balanced scorecard?
A. Learning and growth B. Financial C. Customer D. Short-term