Connesia is a country that has a very warm climate. It also has a scarcity of water. Given this information, which of the following is most likely true??
a. Connesia's image in the international market is unlikely to be affected because petroleum is the only factor that affects international marketing.
b. Connesia is likely to depend on other countries for importing foodstuffs.
c. Connesia is likely to be an attractive target for military intervention.
d. Connesia is likely to export oil to other countries.
Ans: b. Connesia is likely to depend on other countries for importing foodstuffs.
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Tomiko is the manager of Davis Freight, a mid-sized trucking company. The owners have assigned Tomiko the task of applying strategic decision making to analyze the competitive environment. Tomiko does an analysis of the competitors currently in the market and how much market share each has. In addition, Tomiko looks at trends in the trucking industry and how Davis has addressed those trends. Tomiko assesses the possibility of new entrants to the market, factoring in barriers to entry in the trucking business. In addition, Tomiko studies substitutes and complements, as well as suppliers and customers. Is Tomiko covering all of her bases in assessing the competitive environment?
A. Tomiko should not consider the impact trends in the industry as part of her assessment. B. Tomiko needs to include an assessment of the tactics other companies use to compete. C. Tomiko should look at the impact of both cost disadvantages and distribution channels. D. Tomiko failed to consider the impact of capital requirements and brand identification. E. Tomiko has covered the bases necessary for her analysis and is ready to present it.
Which of the following is not an advantage of the average rate of return method?
A) It is easy to use. B) It takes into consideration the time value of money. C) It includes the amount of income earned over the entire life of the proposal. D) It emphasizes accounting income.
A bias is:
a. an example of cultural pride. b. an example of impartiality. c. a way of thinking that is always negative. d. a way of thinking that prevents you from being impartial about a situation, issue, or person.
Firms that pursue a closed approach to innovation typically enjoy first-mover advantages.
Answer the following statement true (T) or false (F)