An example of a firm applying the overall cost leadership generic strategy in a value-chain activity would be to automate the production assembly line to reduce scrappage from quality errors.
Answer the following statement true (T) or false (F)
True
Overall cost leadership requires a tight set of interrelated tactics that includes cost minimization in all activities in the value chain of the firm such as R&D, service, sales force, and advertising. An example of this is the effective use of automated technology to reduce scrappage rates.
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Sapphire Hotels is a chain of hotels with presence in some of the most popular holiday
destinations across the globe. There has been an outbreak of cholera in one of the islands where Sapphire has a hotel. If you were to conduct P.E.S. T analysis in this case, which of the following environmental forces would you suggest is affecting Sapphire's market the most? A) economic forces B) social forces C) technological forces D) political forces
Concreate Development requires architects to design its latest venture—a 64-story skyscraper. It makes a business arrangement with Excellent Architecture and acquires four architects on contract for the ongoing project
This is an instance of a ________. A) licensing arrangement B) franchise C) limited partnership D) joint venture
Which of the following is (are) a qualification(s) of a good supplier?
A) has reasonable prices B) has a sound financial position C) has adequate plant and facilities D) All of the above are qualifications of a good supplier.
Gwen and Hugo do business as Gwen & Hugo Civil Engineers, a partnership. This firm is governed by the Uniform Partnership Act A) in the absence of an express agreement
B) in the absence of an implied agreement. C) only under an express agreement. D) under all circumstances.