Describe the four criteria that unorthodox products or services develop into a competitive advantage.
What will be an ideal response?
To develop into a competitive advantage, the potentially unusual products or services offered by a new business need to meet all of the following criteria: They must be rare, durable, relatively nonsubstitutable, and valuable to develop into a competitive advantage.
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Business letters are important when a permanent record is required, when a message is confidential, and when ________ is necessary
Fill in the blank(s) with correct word
Which of the following are the two critical ingredients of TQM?
A. Commitment and teamwork B. Teamwork and empowerment C. Empowerment and attitude D. Attitude and commitment
The types of indispensable paper include:
a. chattel paper. b. instruments. c. documents. d. All of these.
All else constant, the net present value of a typical investment project increases when:
A) the discount rate increases. B) each cash inflow is delayed by one year. C) the initial cost of a project increases. D) the required rate of return decreases. E) all cash inflows occur during the last year instead of periodically throughout the project's life.