A disadvantage of being a first mover is:
A. a limited market.
B. long lead time to gain knowledge.
C. cost disadvantages.
D. environmental instability.
Answer: D
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Shortage of what material has forced many steel companies to prospect for new locations worldwide?
A. aluminum B. bauxite C. iron ore D. plastic
Social dumping occurs when an exporting country
A. creates unfair competition based on lower costs because the exporting country provides little social support system to the worker. B. targets markets that consist of specific vulnerable groups in the importing country. C. exports good that are not sellable in the domestic environment due to hazards and safety issues. D. imposes an export tax on domestic businesses that export, to compensate for the opportunity cost to the domestic market.
Prospects want to do business with salespeople who know their business and the products they sell.
Answer the following statement true (T) or false (F)
How has the use of supply chain management resulted in a radical reformulation of traditional marketing, production, and distribution functions?
What will be an ideal response?