Cost competitiveness involves
A. sacrificing quality to keep costs low.
B. offering high-quality products at higher prices.
C. increasing prices to boost profits.
D. managing costs by being effective.
E. pricing products at a level attractive to consumers.
Answer: E
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An item described as low-risk and low-opportunity is a ________
A) nuisance item B) bottleneck item C) variable item D) critical item E) commodity
Answer the following statements true (T) or false (F)
1. Guests can be allowed or encouraged to co-produce their own experiences if they have the necessary knowledge, skills, and abilities. 2. One example of co-production is when a guest provides feedback on a review site such as Yelp or TripAdvisor. 3. Guests have less contact with service personnel than the organization’s own supervisors do. 4. Most guests are willing to give feedback to servers about the quality of the service being provided.
On March 21, 2019, the bond accounts of Fitzhugh Sales showed the following balances.
Fitzhugh Sales retires the bonds for $66,150. Prepare the journal entry to record the retirement of the
bonds. Omit explanation.
Under which two approaches to international business will the human resource function be least affected?
a. Licensing and joint ventures b. Direct investment and strategic alliances c. Exporting and licensing d. Joint ventures and strategic alliances e. Exporting and direct investment