What is a private brand?
What will be an ideal response?
A brand created and owned by a reseller of a product or service is known as a private brand or store brand.
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Which of the following is false regarding how a differentiation strategy can help a firm to improve its competitive position vis-à-vis Porter's five forces?
A. Supplier power is increased because suppliers will be able to charge higher prices for their inputs. B. Firms will enjoy high customer loyalty, thus experiencing less threat from substitutes than its competitors. C. It helps a firm to deal with supplier power and reduces buyer power since buyers lack comparable alternatives. D. By increasing a firm's margins, it avoids the need for a low-cost position.
A(n)__________refers to the originator of a trade name, product, methods of operation, and the like that grants operating rights to another party to sell its product
Fill in the blanks with correct word.
________ is an action to undo a contract
A) Rescission B) Recession C) Restitution D) Retribution
Which of the following statements is true of a job evaluation plan?
A. It provides the impetus to increase job levels and titles. B. It is always carried out separately for major domains of work. C. It excludes the pay decisions made by a company. D. It is developed using benchmark jobs and then applied to nonbenchmark jobs.