A firm is said to gain a competitive advantage when it can
A. perform at the same level as that of its competitors.
B. minimize the difference between value creation and cost.
C. provide products similar to its competitors, but at lower prices.
D. exceed its own previous performances.
Answer: C
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Which description best defines an organization's job structure?
A. It refers to the standard amount that employers must pay under federal and state law. B. It consists of the relative pay for different jobs within the organization. C. It is the average amount an organization pays for a particular job. D. It comprises the characteristics of jobs that the organization values and chooses to pay. E. It comprises regular pay, overtime pay, and bonuses.
Ignoring income taxes, choose the correct response below regarding total stockholders' equity resulting from classifying all investments for a firm either as trading securities or securities available-for-sale
a. Stockholders' equity is the same regardless of the classification b. Stockholders' equity is greater if the investments are classified as available-for-sale. c. .Stockholders' equity is greater if the investments are classified as trading securities. d. If there have been unrealized gains, classification as trading securities results in higher stockholders' equity.
What strategy would a marketer most likely use to promote something that cannot be seen, has no smell, and cannot be felt?
A) idea marketing B) place marketing C) people marketing D) relationship marketing E) one-to-one marketing
Which of the following is NOT an area of payment covered by workers' compensation?
A. Medical treatment and rehabilitation costs B. Payments to replace lost wages C. Payments to employers while injured workers are recovering D. Retraining to perform a different type of work