Firms using the differentiation strategy need to respond quickly to environmental opportunities and threats. The structural features that are best for these requirements are centralization, specialization, and many rules and procedures.
Answer the following statement true (T) or false (F)
False
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Which of the following best describes a company's operating activities?
a. Operating activities focus on the sale of products and services. b. Operating activities are necessary to provide the money to start a business. c. Operating activities are needed to provide the valuable assets required to run a business. d. Operating activities represent the right to receive a benefit in the future.
Retailers often find the 80-20 principle evident within the ABC analysis. What does the 80-20 principle imply?
A. Approximately 80 percent of a retailer's inventory was sold, and 20 percent was wasted. B. 80 percent of the retailer's customers are repeat customers and only 20 percent are new. C. Approximately 20 percent of a retailer's sales come from 80 percent of its products. D. Approximately 80 percent of a retailer's sales come from 20 percent of its products. E. About 20 percent of a retailer's sales promotion sells 80 percent of its inventory.
Firm-specific factors that increase the firm's nondiversifiable risk include all of the following except:
a. exposure to interest rate changes b. exposure to inflation c. exposure to management competence d. exposure to cyclicality
Which of the following is the simplest form of B2B e-commerce?
A) online catalogs B) reciprocal sites C) intranets D) extranets E) private exchanges