According to Michael Porter, which of the following is true of differentiation as a generic strategy?
A) It is an effective strategy for obtaining above-average financial returns because unique products often command premium price.
B) It offers an opportunity for small, specialized companies to grow while retaining their narrow focus on highly differentiated products.
C) It requires companies to construct the most efficient facilities in terms of scale or technology and obtain the largest share of market.
D) It has become increasingly popular in recent years as a result of the popularization of the experience curve concept.
A
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A typical account found under the heading of "Revenue" in a chart of accounts is
a. Cash. b. Sales. c. Freight-In. d. Purchases.
Since a store design cannot achieve all objectives, managers need to make trade-offs among them. Which of the following does not describes such trade-offs?
A. The trade-off between the ease of finding merchandise and providing an interesting shopping experience is determined by the customer's shopping needs. B. A supermarket's traditional design can efficiently store and display a lot of merchandise with long rows of floor-to-ceiling racks; however, this design is not good for a pleasant shopping experience. C. Giving customers adequate space in which to shop has to be balanced with the use of scarce resource for merchandise. D. Retailers often make trade-offs between stimulating impulse purchases and making it easy to buy products. E. Specialty store retailers encourage the ease of finding merchandise rather than exploration.
When using vertical analysis, we express balance sheet accounts as a percentage of:
A. Total liabilities. B. Sales. C. Total stockholders' equity. D. Total assets.
One simple approach to improving efficiency is to physically
partition the LAN into separate broadcast domains. Indicate whether the statement is true or false