When competitive advantage is cost- or price-based, it is necessary to know the ________ to be sure that you can compete on this basis by matching price cuts
A) cost of raw materials
B) economic conditions
C) inflation rates
D) competitor's costs
D
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Compute the 2018 cash ratio. (Round your answer to two decimal places.)
The financial statements for Stephens' Electric Company include the following items:
A) 1.25
B) 1.38
C) 1.76
D) 0.67
A lawyer retired from a law firm and then volunteered to oversee a nonprofit’s legal records. The lawyer is performing the duties of a ______.
A. bookkeeper B. corporate clerk C. sergeant-at-arms D. corporate secretary
Scenario C. Darrell is a clothier whose company, 24-7 Activewear, has separate product lines for men, women, and children. He has group his organization into different departments such as production, marketing, and finance. Most of the employees report to two managers-a departmental head and a divisional head. Darrell encourages lower-level managers to make important decisions in order to promote quick and effective decision making.From Scenario C, it can be inferred that 24-7 Activewear uses
A. centralized decision making. B. a narrow span of control. C. the principle of unity of command. D. decentralized decision making. E. a wide span of control.
Wholesalers differ from retailers in that wholesalers ________
A) sell products to organizational customers B) are marketing intermediaries C) primarily sell products to consumers for personal use D) cannot sell products to consumers for personal use E) create place utility and time utility