Which of the following is TRUE about the threat of substitutes?
A) When threatened by substitutes, existing competitors will increase their prices.
B) innovation makes an existing product or service more attractive to its customers.
C) If there are numerous substitutes, the firm's profit margins and revenues will decline.
D) If the competitors are strong, existing competitors will not react strongly to the threat of substitutes.
C
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Greg Provenzo owns and runs a Blockbuster video store. Greg is implementing a drive-thru rental process that is the same as you would find at a fast-food restaurant. Customers can pick-up and drop-off their videos without leaving their cars. Greg's new system has become so popular that Videos Plus, a competitor down the street, is attempting to recreate Greg's video drive-thru rental process. Greg's system is an example of a _________.
A. Supply chain power. B. First-mover advantage. C. Business processing strategy. D. Business intelligence.
Under a just-in-time manufacturing system, large quantities of inventory are accumulated throughout the factory to be certain that components are available each time that they are needed.
Answer the following statement true (T) or false (F)
A boycott is a temporary, concerted withdrawal of labor
Indicate whether the statement is true or false
A study examined task interdependence in different high school sports. This study found that
a. regardless of the type of sport, the best coaches used the same combinations of high consideration and high initiating structure b. regardless of the type of sport, the best coaches used the same combinations of low consideration and low initiating structure c. the winning coaches in high interdependence sports were higher on initiating structure than were the winning coaches in low interdependence sports d. surprisingly, the winning coaches in high interdependence sports were lower on initiating structure than were the winning coaches in low interdependence sports