A broad differentiation strategy is generally not suitable for attaining a competitive advantage when
A. buyer needs and preferences are too diverse to be fully satisfied by a standardized product.
B. products of rivals are weakly differentiated.
C. few rivals are pursuing a similar differentiation approach.
D. there are many ways to differentiate a product or a service and many buyers perceive these differences valuable.
E. technological change is fast-paced and competition revolves around rapidly evolving product features.
Answer: B
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Which of the following steps are involved in closing the temporary accounts of a manufacturing business?
a. The balance of Factory Overhead is credited to Income Summary. b. The balances of operating expense accounts are credited to Income Summary. c. The balance of Cost of Goods Sold is credited to Income Summary. d. The balance of Retained Earnings is credited to Income Summary.
Unrealized gains and losses on available-for-sale securities are reported on the income statement
Indicate whether the statement is true or false
The fundamental way in which a company will achieve its goal is described in its
A) balance sheet and income statement. B) cash flow statement. C) budget. D) mission statement.
Morris Pickel is a geologist he has added a device to an existing thermal measuring instrument. Because of the sensitivity of the device, it picks up data not previously recorded
A computer program built into the device then analyzes the data, allowing scientists to predict the timing of volcanoes. Can Morris obtain a patent for this device? A) No. Computer programs cannot be patented in Canada. B) No. Morris's invention, while useful and ingenious, is not new. C) Yes. The device as a whole, including the computer program, can be patented. D) No. The computer program is not integral to the device. E) No, but he can register the computer chip under the Integrated Circuit Topography Act.