What theory implies that you should allow another firm to perform work activities for your company if that company can do it more productively than you can?
A) theory of competitive advantage
B) theory of core competencies
C) theory of comparative advantage
D) theory of outsourcing
E) theory of offshoring
C
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Which of the following is true of single-store retailers?
A. They do not have direct contact with their customers. B. They are very rigid and lack quick adaptability to market changes and customer needs. C. They are not bound by the bureaucracies inherent in large retail organizations. D. They are totally independent of their owner-managers' capabilities to make any retail decision. E. They must join a wholesale-sponsored voluntary competitive group to compete against corporate chains.
Abby lives in a suburb of Atlanta with her three children. She is part of the biggest household change this decade, which was ________
A) a growing demand for larger apartments B) a need for smaller-size food packages C) the jump in households headed by women without husbands D) the growth of the gay and lesbian population in the suburbs E) the increase of empty nesters
Market demand for a product is the total volume that would be bought by a defined customer group in a defined geographical area in a defined time period in a defined marketing environment under a defined marketing program
Indicate whether the statement is true or false
In a cost of production report using process costing, transferred-in costs are similar to the
a. cost of material added at the beginning of production. b. conversion cost added during the period. c. cost transferred out to the next department. d. cost included in beginning inventory.