Polaroid had a unique competitive advantage for many years until it forgot to observe competitive intelligence. The firm went bankrupt when people began taking digital pictures. Polaroid provides a great example of Porter's supplier power.
Answer the following statement true (T) or false (F)
False
This is an example of Porter's threat of substitute products or services.
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Answer the following statements true (T) or false (F)
1. Luxury carmaker Rolls-Royce has a focused-differentiation strategy. 2. A single-product strategy can be described as focused but vulnerable. 3. A small florist most likely follows a diversification strategy. 4. General Electric sells lighting products and is also involved in plastics, broadcasting, and financial services. GE uses a related diversification strategy.
Why it is important for a modeler to follow a step-by-step methodology when formulating linear programmingmodels?
a. The modeler can avoid the complexity of the models. b. The modeler can implement a "model less, iterate more" approach to improve the efficiency of the optimization algorithms. c. The modeler can use the formulated model multiple times with newly calculated input parameters. d. The modeler can fine-tune the model accordingly.
Using the discounted payback period method, a project should be accepted when the discounted payback period is greater than the project's expected life.
Answer the following statement true (T) or false (F)
The agency problem may result from a manager's concerns about ________
A) job security B) maximizing shareholder value C) corporate goals D) increasing creditworthiness