The goal of the differentiator is to have a smaller value gap than competitors.
Answer the following statement true (T) or false (F)
False
A higher value gap enables a differentiator to achieve a competitive advantage, which allows it to charge a premium price, reflecting its higher value creation. A lower value gap, however, will hamper anyone's ability to achieve a competitive advantage
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Which of the following is true of price elasticity?
A) When the price elasticity equals 0, we have unitary elasticity where the percentage change in volume is equal to the percentage change in price. B) Price elasticity is almost always a negative number due to the inverse relationship between price and volume. C) Prestige products that can see an increase in demand when their prices are increased have negative price elasticity. D) Price elasticities between –1 and –10 are inelastic because the percentage change in volume is greater than the percentage change in price. E) Price elasticities between zero and -1 are considered elastic, as the percentage change in volume is less than the percentage change in price.
Costs of decentralization include all of the following except
a. more elaborate accounting control systems. b. potential costs of poor decisions. c. additional training costs. d. slow response time to changes in local conditions.
Which of the follow is true about Schein’s definition of culture?
a. It’s a pattern of basic assumptions that has been implemented by a single leader b. It’s a set of assumptions that is taught as one of a variety of ways of perceiving problems c. It’s a set of assumptions that is considered valid by senior leadership d. It’s a set of assumptions that has been learned by a group as the correct way to think about problems
Persons who entered into an illegal contract but withdrew before the illegal act was performed can sue to recover consideration
Indicate whether the statement is true or false