Once established, competitive advantages last forever whether the firm is in a high technology environment or not.
Answer the following statement true (T) or false (F)
False
Competitive advantages are, however, often short-lived. Nothing is forever when it comes to competitive advantages. Rapid changes in technology, globalization, and actions by rivals from within and outside the industry can quickly erode firm advantages. It is becoming increasingly important to recognize that the duration of competitive advantages is declining, especially in technology-intensive industries. Even in industries that are normally viewed as low tech, the increasing use of technology has suddenly made competitive advantages less sustainable.
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Dragoo Building Inc. has a crane with a book value of $240,000 and a four-year remaining life. A new crane is available at a cost of $615,000. Dragoo can also receive $48,000 for trading in the old pump. The new crane will reduce variable costs by $145,000 per year over its four-year life. The total impact to Dragoo over the crane's four-year life is:
A. Increase of $23,000. B. Decrease of $48,000. C. Decrease of $13,000. D. Decrease of $615,000. E. Increase of $13,000.
Capacity constraints in the service industry can take the form of ______.
A. shortage of customer orders B. shortage of skilled workers C. excess capacity D. idle resources
Discuss at least three external control mechanisms.
What will be an ideal response?
Written communication is most effective when the sender has good writing skills and the receiver has good reading skills
Indicate whether the statement is true or false