Factors that affect the cost of homeowners insurance include which of the following? I. Construction material II. Deductible amount
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
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Larry is the owner of an instant noodle manufacturing company. His company has created a special combination of ingredients that makes his product tastier than the ones currently existing in the market. Larry knows that this combination of ingredients cannot be easily copied. This is an example of ________.
A. sustainable competitive advantage B. bootstrap marketing C. entrepreneurial breakeven D. benchmarking
The principal advantages of strategic alliances over vertical integration or horizontal mergers/acquisitions are
A. potential profitability of the alliance and related experience-curve economics. B. resource pooling and risk sharing, more adaptive response capabilities, and greater speed of deployment. C. the facilitation of best practices, more production capacity, and relevant synergistic savings. D. material additions to a company's technological capabilities, strengthening of the firm's competitive position, and boosting of its profitability. E. the transactional and relational concept of operating practices and competencies.
A common method of evaluating a firm's financial ratios is to compare the current values of the
firm's ratios to its own ratios from prior periods. This is referred to as trend analysis. Indicate whether the statement is true or false
Which of the following is not one of the features of the new model of progressive purchasing? a. Developing closer relationships with important suppliers
b. Performing due diligence on suppliers before awarding longer-term contracts. c. Focusing primarily on price analysis and short term contracts. d. Conducting worldwide Internet searches for the best sources of supply. e. Inviting key suppliers to participate in product and process development.