A global strategy allows for
A. the leading companies to compete for the biggest share of the world market, but only occasionally compete head-to-head in different countries.
B. the industry leaders to be foreign companies, while domestic companies are relegated to runner-up status.
C. the markets in various countries to be part of the world market and competitive conditions across country markets to be strongly linked.
D. a firm's overall competitive advantage to be determined by the size of the competitive advantage it has in each of its profit sanctuaries.
E. a company's overall market strength to be the sum of its market shares in each country market where it has a presence.
Answer: C
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Monochronic time is a
A. preference for multitasking. B. desire to do as little as possible for a period of time. C. time for the open discussion of problems or challenges. D. time when little is accomplished. E. preference for doing one thing at a time.
If net income is $250,000 and interest expense is $20,000 for Year 2, and the market price of common shares is $30, what is the price-earnings ratio on common stock for Year 2? (Round intermediate calculation to two decimal places and final answers to one decimal place.)
a. 7.5 b. 13.4 c. 12.1 d. 8.5
When there is a high inventory turnover, there is an increase in sales because
A. new merchandise is continually available to customers. B. more money is available to buy new merchandise. C. price points are set higher to accommodate for potential sales loss. D. the merchandise begins to look shopworn. E. sales are increased by reducing prices.
Which of the following pricing approaches is most likely to accommodate prices lower than the
unit cost for short periods of time? A) penetration pricing approach B) target-return pricing approach C) markup pricing approach D) creaming pricing approach