A first mover advantage occurs when an organization can significantly impact its market share by being the first to market with a __________ advantage.
Fill in the blank(s) with the appropriate word(s).
Competitive
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Tomiko is the manager of Davis Freight, a mid-sized trucking company. The owners have assigned Tomiko the task of applying strategic decision making to analyze the competitive environment. Tomiko does an analysis of the competitors currently in the market and how much market share each has. In addition, Tomiko looks at trends in the trucking industry and how Davis has addressed those trends. Tomiko assesses the possibility of new entrants to the market, factoring in barriers to entry in the trucking business. In addition, Tomiko studies substitutes and complements, as well as suppliers and customers. Is Tomiko covering all of her bases in assessing the competitive environment?
A. Tomiko should not consider the impact trends in the industry as part of her assessment. B. Tomiko needs to include an assessment of the tactics other companies use to compete. C. Tomiko should look at the impact of both cost disadvantages and distribution channels. D. Tomiko failed to consider the impact of capital requirements and brand identification. E. Tomiko has covered the bases necessary for her analysis and is ready to present it.
Segments need to be, among other traits,
A. affluent, accessible, and actionable. B. definable, large, and accessible. C. definable, affluent, and actionable. D. large, unambiguous, and affluent.
Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000; sales of $5,375,000; cost of goods sold of $3,225,000; and operating expenses of $1,147,000. Assume a target income of 15% of average invested assets. Compute residual income for the division:
A. $150,450. B. $100,300. C. $196,750. D. $150,500. E. $133,000.
Methods analysis focuses on:
A) the design of the machines used to perform a task. B) establishing time standards. C) reducing the number of skills needed for the completion of a task. D) issues such as the movement of individuals or material. E) evaluating training programs to see if they are efficient.