The Amazon approach to selling books, using the Internet and offering superior customer service, gave it a strong entry strategy. This is an example of a focus strategy.
Answer the following statement true (T) or false (F)
False
Amazon founder Jeff Bezos set out to use Internet technology to revolutionize the way books are sold. He garnered the ire of other booksellers and the attention of the public by making bold claims about being Earth's largest bookseller. As a bookseller, Bezos was not doing anything that had not been done before. But two key differentiating features, doing it on the Internet and offering extraordinary customer service, made Amazon a differentiated success.
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The Center for Audit Quality (CAQ) report identifies which of the following ways in which individuals involved in the financial reporting process can mitigate the risk of fraudulent financial reporting?
a. Individuals involved in financial reporting need to acknowledge that there needs to exist a strong, highly ethical tone at the top of an organization that permeates the corporate culture, including an effective fraud risk management program. b. Individuals involved in financial reporting need to continually exercise professional skepticism. c. Individuals involved in financial reporting need to remember that strong communication among those involved in the financial reporting process is critical. d. All of the above.
Which of the following is not a principle of lean manufacturing?
a. Products are pushed from the production end to the customer b. All activities that do not add value and maximize the use of scarce resources must be eliminated c. Achieve high inventory turnover rate. d. A lean manufacturing firm must have established and cooperative relationships with vendors e. All of the above are lean manufacturing principles.
Recessions and financial crises have led to layoffs, reduced wages, unemployment, bankruptcy, and labor shortages. These are examples of which challenge/opportunity for organizations?
A. innovation and change B. sustainability C. economic factors D. customer service
Steelz Inc. has designed a process that manufactures an improved version of steel more efficiently, which will save the firm both money and resources. In considering the launch of this new steel in the market, the firm must first decide on ________
A) timing B) location C) organizational structure D) test marketing E) product mix