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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Which of the following is a component of the evidence square?
a. Rationalization b. Perceived pressure c. Personal observation d. Perceived opportunity
Net income does not include
a. income taxes expense. b. discontinued operations. c. foreign currency translation adjustments. d. extraordinary gains and losses.
Bill is the customer relationship manager at a travel agency. One of his customers, Sarah, has won a free holiday through the company's lucky draw. Bill is required to give her the good news. Which of the following approaches should Bill use to deliver the good news?
A. The direct approach B. The indirect approach C. The persuasive approach D. The hard-sell approach
Which of the following are legal obligations of a property owner with respect to an invitee?
I. The property owner must warn an invitee of any unsafe conditions. II. The property owner must inspect the premises and eliminate any dangerous conditions revealed by the inspection. A) I only B) II only C) both I and II D) neither I nor II