When operations are interrupted or cut back, committed fixed costs are cut in the short term because the costs of restoring them later are likely to be far less than the short-run savings that are realized.
Answer the following statement true (T) or false (F)
False
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The big danger or risk of a best-cost provider strategy is
A. that rivals with low-cost provider strategies will be able to steal away some customers on the basis of a lower price, and high-end differentiators will be able to steal away customers with the appeal of better product attributes. B. that buyers will be highly skeptical about paying a relatively low price for upscale attributes/features. C. not establishing strong alliances and partnerships with key suppliers. D. becoming too highly integrated and not relying enough on outsourcing. E. that it will be unable to achieve top-notch quality at a rock-bottom cost.
Important considerations in a restaurant layout are ______.
a. the entryway should be as attractive as possible because this is the part of the restaurant that customers see first b. the dining areas should have uncomfortable seats so that customers will not stay for a long time, and a greater number of customers can be seated c. lighting should be kept dim so customers cannot read the prices on the menus d. the bar stools should be very tall so that children cannot reach for alcoholic drinks
A person with a life estate cannot do which of the following?
a. Strip-mine the land. b. Build a bridge over the creek. c. Cut a single tree. d. Put a new roof on the house.
In the context of the history of American business, the _____ emerged in the second half of the 1800s, by building on the foundation of the industrial revolution.
A. entrepreneurship era B. relationship era C. marketing era D. production era