Due to its large sales volume and low cost structure, Quick Serve Mini-Marts enjoys a cost leadership position. Which of the following scenarios might threaten Quick Serve's competitive advantage?
A. Existing competitors in the mini-mart industry lower their prices to match those of Quick Serve.
B. Industry suppliers raise their prices.
C. A new competitor is perceived to provide similar value, but in addition offers innovative self-checkout.
D. Competitors engage in an all-out price war.
Answer: C
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Selected data from Carson Corporation's financial statements for the year ended December 31, Year 2 are as follows. Current ratio 1.4 Quick ratio 0.86 Current liabilities $450,000 Accounts receivable turnover 6.0 Merchandise inventory turnover 4.0 Rate of return on assets 6.5% Selected Account Balances at December 31, Year 1: Accounts receivable $355,000 Merchandise inventory 190,000 Year 2
Operations Sales $1,241,000 Cost of goods sold 800,000 Assuming that prepaid expenses are immaterial, ending merchandise inventory at December 31, Year 2 is a. $180,000 b. $210,000 c. $220,000 d. $240,000 e. $260,000
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Travis must determine the appropriate channel for an important business message. In this context channel refers to the A) individuals who will receive the message
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