The tailored strategy "Focus on low-cost, decentralized capacity for predictable demand" follows which risk mitigation strategy?
A) Get redundant suppliers.
B) Increase capacity.
C) Increase responsiveness.
D) Increase inventory.
Answer: B
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Which of the following is true?
A) A substituted contract can occur for any kind of contract but an accord and satisfaction can be used only for contracts for the sale of goods. B) Both an accord and satisfaction and a substituted contract involve a new party. C) An accord and satisfaction involves a new party, but a substituted contract does not. D) A substituted contract discharges duties under the original contract upon formation of the substituted contract.
Ethical screening refers to
A) running a contemplated decision or action through an ethics test. B) evaluating job applicants based on their charitable contributions. C) making sure that all company employees have ethics training. D) avoiding contact with unethical people wherever possible.
The IRR can be used for investments
A) that produce a lump sum future value. B) that produce equal cash flows. C) that produce unequal cash flows. D) All of the above.
Stump's Hot Olives are manufactured by a family business in Wisconsin and are sold in Midwestern grocery stores, through mail order, and to a few local restaurants. The company has been in operation since 1998 and relies on labor from family and friends to produce and package olives in attractive, reusable glass containers. They use store demonstrations to introduce their spicy olives to new customers. Discuss how this company can establish or maintain at least one of the three types of competitive advantage.
What will be an ideal response?