Why is it important for firms in the same industry to choose distinct but different strategic positions?
What will be an ideal response?
In strategic positioning, firms stake out a unique position within an industry that allows the firm to provide value to customers, while controlling costs. Competition focuses on creating value for customers (through lower prices or better service and selection) rather than destroying rivals. Even though two firms compete in the same industry, both can win if they have a distinct and well-executed competitive strategy.
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Suppose the selling price of one-month forward British pounds is $1.6036 per pound and the spot price of the pound is $1.6039. This means that there is an annual forward discount on the pound equal to 0.2 percent.
a. True b. False
Which current value in OD relates to recognizing individual’s feelings and acknowledging workforce diversity?
a. Dialogue and Collaboration b. Growth, Development, and Learning c. Valuing the Whole Person d. Authenticity, Openness, and Trust
In PERT, the earliest start time for an activity is equal to the latest of the earliest finish times of all of its immediate predecessors
Indicate whether the statement is true or false
(I) Debt markets are often referred to generically as the bond market
(II) A bond is a security that is a claim on the earnings and assets of a corporation. A) (I) is true, (II) false. B) (I) is false, (II) true. C) Both are true. D) Both are false.