Explain with examples the benefits of competitive advantage and show how globalization presents companies with unprecedented opportunities?
What will be an ideal response?
When a company succeeds in creating more value for customers than its competitors, that company is said to enjoy "competitive advantage." It is measured relative to rivals in a given industry. For example, Coca-Cola and Pepsi are trying to maintain a competitive advantage in global markets. Globalization presents companies with unprecedented opportunities as well as challenges. Achieving competitive advantage in a global industry requires executives and managers to maintain a well-defined strategic focus. Globalization provides companies with opportunities to develop new products, get new ideas, develop markets, expand brand recognition, and eventually profits.
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Which of the following is an incorrect statement regarding an activity associated with the application of strict liability theory?
A) The law allows people to engage in such an activity. B) The law determines liability for such an activity based on the defendant's negligence. C) Inherently dangerous activities include blasting in a populated area. D) Inherently dangerous activities include keeping non-domesticated animals.
Traditionally, Japan's employment relationships were supported by
A. lifetime security within the company. B. centralized unions representing workers across several companies within an industry. C. performance-based promotion systems alone. D. performance-based pay systems alone.
A firm with a beta of 1.0 and when held in a well-diversified portfolio should be considered to have ________ risk than the market portfolio
A) less B) neither more nor less C) more D) There is not enough information to answer this question.
The accountant-client privilege is recognized:
A) only in federal court proceedings. B) by virtue of the common law in most states. C) only in those states that have enacted statutes creating such a privilege. D) in most states by reason of court decisions.