Which strategy involves positioning the organization to offer unique products for select buyers?
A. Cost leadership
B. Differentiation
C. Business
D. Focus
Answer: B. Differentiation
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Which distribution network design is similar to pure drop-shipping, except that pieces of the order coming from different locations are combined so that the customer gets a single delivery?
A) Manufacturer storage with direct shipping B) Manufacturer storage with direct shipping and in-transit merge C) Distributor storage with package carrier delivery D) Distributor storage with manufacturer pickup
Inventories ______.
a. have economic value b. are listed as current liabilities in a company’s balance sheet c. are subject to government inspection d. depend on the number of employees in the company
Because risk is measured by variability of returns, how long we hold our investments does not
matter very much when it comes to reducing risk. Indicate whether the statement is true or false
Fred Fryer's Donuts (Scenario)Since the integration of two new stores in Littleville, U.S., Fred Fryer's Donuts, Inc., has recognized that there is a need for reengineering the entire organization. The main need is to install new state-of-the-art kitchen equipment in the seven remaining stores, and then dispose of all old equipment to a salvage dealer or else incur a loss. The employees will have to be trained to operate the new computer programmed equipment. Fred is setting up the main store as a training store. Employees from the other stores will train at the main store for five days while their respective store's equipment is being converted. The regular employees from the main store have the responsibility of instructing the classes or overseeing the installation of the new equipment
and testing its operation before that store's employees return from training. The organization is also replacing the old employee reporting system. Ordering of materials will now be done by an intranet. Fred has promised that no one will lose his or her job because of the organizational changes. He estimates that when the employees get to the computer programming training, as many as 10 percent of the current employees will resign or retire. He also thinks that opening a new store in Nowhere, will absorb the excess employees.Which of the following courses of actions is best for Fred and the team leaders to practice if they need to overcome employee resistance? A. threaten the employees who resist the change B. present distorted facts to the employees C. terminate employees who resist the change D. educate employees and communicate with them