A specific technique used to reduce the need for information is to
A. reduce the inventory on hand.
B. invest in information systems.
C. create self-contained tasks.
D. create strategic alliances.
E. create horizontal relationships.
Answer: C
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Describe what determines competitiveness within a particular industry using Porter's model for industry analysis. Provide an example for at least three of the five forces in the model.
What will be an ideal response?
Firms that practice product differentiation gain competitive advantage through the way they design their channel's coverage, expertise, and performance
Indicate whether the statement is true or false
On May 22, Jarrett Company borrows $7,500 from Fairmont Financing, signing a 90-day, 8%, $7,500 note. What is the journal entry needed to record the payment of the note by Jarrett Company on the maturity date?
A. Debit Notes Payable $7,500; credit Cash $7,500. B. Debit Notes Payable $7,500; debit Interest Expense $150; credit Cash $7,650. C. Debit Notes Payable $7,650; credit Cash $7,650. D. Debit Cash $7,650; credit Interest Revenue $150; credit Notes Receivable $7,500. E. Debit Notes Payable $7,500; credit Interest Expense $150; credit Cash $7,350.
A winning strategy is one that
A. fits the company's internal and external situation, builds sustainable competitive advantage, and improves company performance. B. builds strategic fit, is socially responsible, and maximizes shareholder wealth. C. results in a company becoming the dominant industry leader. D. can pass the ethical standards test, the strategic intent test, and the profitability test. E. is highly profitable and boosts the company's market share.