Janie thinks that Kleenex is the best brand of facial tissue on the market and refuses to buy any other brand. For Janie, Kleenex has established a competitive advantage over the competing products.
Answer the following statement true (T) or false (F)
True
The superior position a product enjoys over competing products if consumers believe it has more value than other products in its category is referred to as a competitive advantage.
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Which of the following assumptions does not belong in a list of characteristics of lean production?
A) labor is more costly than machines B) set up time can be reduced C) minimize inventory to cut costs and wastage D) maximize backwards integration E) inspection to prevent defective production
Investment of cash in a business
a. increases revenue; b. decreases capital; c. increases drawing; d. increases cash; e. decreases drawing.
Gershwin Company reported net income of $428,000 and paid $8,500 in preferred cash dividends during the current year. The company had 110,000 common shares issued, and 10,000 common shares in treasury during the year. The year-end market price per common share was $41.05. Calculate the company's price-earnings ratio.
What will be an ideal response?
The three branches of government in the United States are
a. the executive, legislative, and administrative. b. the administrative, executive, and statutory. c. the executive, legislative, and judicial. d. the administrative, legislative, and international.