Nortons, Inc. is a hardware store that is owned by members of the Norton family as well as a few close friends of the family. This company is a(n)
A. sole proprietorship.
B. partnership.
C. open corporation.
D. closed corporation.
E. public corporation.
Answer: D
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An augmented retail strategy consists of the additional elements that differentiate one retailer from another
Indicate whether the statement is true or false
Introduction of new employees to an organization, work unit, and job is known as ________.
A. appraisal B. selection C. orientation D. recruitment
Executives must be careful to avoid spending so much time and effort tracking the actions of ________ that they ignore ________.
A. traditional competitors; new competitors B. competitors; customers C. existing customers; existing competitors D. customers; competitors
Toy sales have declined by 10 percent each year, forcing many retailers to exit the industry. To eliminate its remaining competition, Bleaker Toys sells all of its product at a loss and relies on its significant cash holdings to cover costs until its competition is forced to exit the industry. Is this an example of a successful strategy? Why or why not?
A. Yes. Bleaker has achieved a sustainable competitive advantage by selling its toys at a lower price than competitors. B. No. Bleaker's strategy and competitive advantage are unsustainable. C. Yes. Any strategy that forces competition from the market is by definition successful. D. No. Bleaker has failed to create value for its customers.