Why is it important to craft a business model?
A. Because it sets forth management's game plan for maximizing profits for shareholders
B. Because it sets forth the key components of the enterprise's business approach, indicates how revenues will be generated, and makes a case for why the strategy can deliver value to customers in a profitable manner
C. Because it details exactly how management's strategy will result in the achievement of the company's strategic intent
D. Because it sets forth management's long-term action plan to match the business standards set by formidable rivals
E. Because it is a part of an operating model that focuses on delivering excellence and creating value for external shareholders and internal labor force
Answer: B
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Marketers need to identify the hierarchy of attributes that guide consumer decision making in order to understand different competitive forces and how these various sets get formed. This process of identifying the hierarchy is called ________
A) market partitioning B) brand association C) market valuation D) market estimation E) market identification
[The following information applies to the questions displayed below.] The inventory records for Radford Co. reflected the following:Beginning inventory @ May 1100 units @ $4.00First purchase @ May 7300 units @ $4.40Second purchase @ May 17500 units @ $4.60Third purchase @ May 23100 units @ $4.80Sales @ May 31900 units @ $7.80What is the amount of cost of goods sold assuming the LIFO cost flow method?
A. $3,600 B. $2,360 C. $4,320 D. $4,100
PwC, a professional services company, predicts the next decade will see an increase of ______ percent in the number of workers accepting global assignments.
Fill in the blank(s) with the appropriate word(s).
Despite the prevalence and importance of expatriates on international assignments, poor cross-cultural adjustment often results in ______.
A. cultural retooling B. repatriation C. dissatisfaction D. global mobility