Describe the six factors of competitive advantage.
What will be an ideal response?
Competitive advantage comes from one (or a combination) of six factors:
1) Quality - Can you provide higher quality than competing businesses?
2) Price - Can you offer a lower price than your competition?
3) Location - Can you find a more convenient location for customers?
4) Selection - Can you provide a wider range of choices than your competitors?
5) Service - Can you provide better, more personalized customer service?
6) Speed/Turnaround - Can you deliver your product or service more quickly than the competition?
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In what activity is your team engaging?
Your team completed a final evaluation report. Before submitting it to your client, your team generated a checklist, which each team member used to check if the final report included all necessary information. The checklist included items such as: ? All required sections are included. ? Each section delivers the intended information. ? All data are correctly analyzed. ? All identifiers in data have been removed. a. internal formative meta-evaluation b. external formative meta-evaluation c. internal summative meta-evaluation d. external summative meta-evaluation
Why is process value analysis not part of the general ledger accounting system?
What does the acronym BATNA stand for?
A. Better agree than no agreement B. Best ability to have a negotiated agreement C. Best alternative to a negotiated agreement D. Better ability to negotiate an agreement E. Be able to negotiate an agreement
How has web-based technology helped firms with brand authoring?
A) Online sites have enabled consumers to share their consumption stories. B) Companies can publish anything about their products without concern for FCC regulation. C) Companies can put all their advertising on the Internet and abandon broadcast media. D) All stakeholders become equally important in a brand's message creation. E) People who only shop online will not be excluded when firms conduct sales promotions.