Aldi, a discount supermarket retailer, has grown from its German base to the rest of Europe, Australia, and the United States by replicating a simple business format. Aldi limits the number of products in each category to ensure product turn, to ease stocking shelves, and to increase its power over supplier. This is an example of an overall cost leadership strategy because it
A. requires the customer to recognize its efforts.
B. gives them competitive advantage by decreasing productivity.
C. eliminates the need to compete based on its products.
D. gives them competitive advantage by tight cost and overhead control.
Answer: D
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A ________-value issue is an issue for which both parties are seeking the same outcome.
Fill in the blank(s) with the appropriate word(s).
According to the textbook, what are two good reasons to study ethics?
A. virtue and prudence B. efficiency and reputation C. virtue and reputation D. legality and reputation
Federal law governs the obligations, if any, that members of a limited liability partnership owe to creditors
a. True b. False Indicate whether the statement is true or false
McGovern's Supply stocks electronics repair parts and related supplies and tools from various producers. McGovern's sells primarily to small TV and electronic repair shops throughout the country that only want to order one or two items at a time. Orders are usually shipped out on UPS trucks. It appears that McGovern's is a
A. drop-shipper. B. manufacturers' agent. C. rack jobber. D. single-line wholesaler. E. truck wholesaler.