First movers in an industry often capture above-average profits, but usually find it difficult to maintain early market share gains.
Answer the following statement true (T) or false (F)
False
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Answer the following statements true (T) or false (F)
1. The research is clear: high performance work systems such as quality circles, job rotation, teams, and total quality management decrease absenteeism and turnover and increase company profits. 2. American lean production practices are similar to those used in Japan in that decision-making is decentralized to give workers a greater say in what ultimately gets decided. 3. The constant drive to achieve reduced inefficiencies through lean processes has been called, "management by stress" by critics of the lean production philosophy. 4. In Saturn's self-directed work teams, teams of 6-15 union employees were empowered to make business decisions about business planning, technology, pricing, and new product development. 5. The Saturn plant in Spring Hill, Tennessee, is an example of the successful implementation of self-directed work teams in a traditional scientific management-based industry.
All of the following are convenience products EXCEPT:
a. milk b. tax preparation service c. gasoline d. ATM machines e. magazines
Which of the following is not typically found in a company codes of conduct?
A. Statement of commitment to fair business practices and respect for relevant laws B. Statement of commitment to labor and environmental standards C. Statement of corporate citizenship and ethics D. Statement of accountability and enforcement practices
When Chan realizes his liquor cabinet supply was devastated by last weekend's party, he first retrieves information from his memory about what types of liquor he and his friends like most and then asks the attractive clerk at the liquor store what she would recommend. Chan started with a(n) ____ search and then progressed to a(n) ____ search.
A. consideration; evaluative B. focused; broad C. internal; external D. routinized; extended E. self; inclusive