An overall ________ position enables a firm to achieve above-average returns because it protects firms against powerful buyers.

A. high-cost
B. low-cost
C. differentiation
D. focused


Answer: B

Business

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Fixed costs divided by contribution margin ratio gives break -even point in units

Indicate whether the statement is true or false

Business

A novation is

A) an assignment B) a new contract C) a new party added to an existing contract D) an exception to the privity rule E) a new term added to a contract

Business

Carlos is getting ready to move to campus for his freshman year of college. To get the products he needs for his dorm room, he goes to a store that sells household goods such as plastic containers, sheets, and towels. The store also sells personal items such as shampoo, deodorant, and toothpaste, as well as food products. Carlos has most likely gone to a

A. discount store. B. superstore. C. supermarket. D. department store. E. warehouse club.

Business

Managers within a line structure are typically known as staff managers.

Answer the following statement true (T) or false (F)

Business