Leading guitar string producer Wound Up Inc. has enjoyed a competitive advantage based on its proprietary coating that gives its strings a clearer sound and longer lifespan than uncoated strings. One of Wound Up's competitors, however, has recently developed a similar coating using less expensive ingredients, which allows it to charge a lower price than Wound Up for similar-quality strings. Wound Up's competitive advantage is in danger due to
A. resource immobility.
B. direct imitation and substitution.
C. a lack of perceived value.
D. a lack of organization.
Answer: B
You might also like to view...
Park, Inc purchased merchandise from Jay Zee Music Company on June 5, 2015 . The goods were shipped the same day. The merchandise's selling price was $15,000 . The credit terms were 1/10, n/30 . The shipping terms were FOB shipping point. Park received the merchandise on June 10, 2015 . Park paid the amount due on June 13, 2015. Park uses a perpetual inventory system. When will the cost of
merchandise sold be recorded as an expense? a. The date the merchandise was purchased b. The date the merchandise is sold c. The end of the accounting period d. Cannot be determined without further information
A concertive control work environment is the opposite of which other work environment?
A. unobtrusive control B. servant leader C. laissez-faire D. rules-based
Which of the following is not discussed in the text as one of the ways to actively search for "accounting and documentary" symptoms of under-reporting of liabilities fraud?
a. More inventory counted than identified through purchasing and inventory records. b. Discrepancies in cut-off tests. c. Amounts listed on vendor statements not recorded as purchases. d. All of the choices are discussed.
A cash transaction for $10 was recorded with a $100 debit and a $100 credit. The trial balance for this business will be out of balance by $90
Indicate whether the statement is true or false