Walmart is famous for exemplifying the cost leadership strategy. Which of the following is Walmart likely to do? Select as many as apply.
A. Keep prices as low as possible
B. Keep expenses as low as possible
C. Rely heavily on low-wage employees
D. Automate as few jobs as possible.
E. Automate as many jobs as possible
Answer: D
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Indicate whether the statement is true or false
One’s ______ and image may be enhanced through the five strategies of feedback seeking.
A. self-perception B. temperament C. timing D. target
When attempting to close a sale, Ahmed should most likely do all of the following EXCEPT:
A) focus on a single point of greatest interest B) recognize verbal and nonverbal closing clues C) keep the prospect involved in the presentation D) accommodate the buyer's communication style E) reveal additional service and transaction fees
Assume that Denmark, a member of the European Community, is contemplating the enactment of a protective tariff for its fledgling electronics industry due to domestic political and economic pressures. Assume further that the EC has a tariff that it has also enacted for all electronics manufacturers within the EC that is considerably lower than the one that is being proposed in Denmark. The policy
behind the lower EC tariff is to promote freer trade even at the risk of destroying some of the weaker manufacturers in that organization. In this situation: a. Denmark could enact the higher tariff since EC members give up no authority to the organization in regulating trade and business practices. b. Generally, when EC economic policies conflict with the laws of member nations, EC law will prevail. Thus, Denmark's tariff may be illegal. c. Denmark could petition the United Nations Council of Economic Policy and if it concurs with Denmark, the EC tariff policy would be overridden. d. Assuming Denmark is a signatory to GATT, the General Agreement on Tariffs and Trade, it could retain its higher tariff since the purpose of GATT is to protect domestic industries by promoting higher tariffs.