Which of the following best describes a strategic trade-off?
A. the tension between raising prices and keeping a loyal clientele
B. the tension between maintaining both high-quality products and service
C. the tension between value creation and the pressure to keep costs in check
D. the tension between innovation and keeping manufacturing costs down
Answer: C
You might also like to view...
Answer the following statements true (T) or false (F)
1. A mission statement expresses what the organization should become and where it wants to go strategically. 2. Amazon's statement in which it states its desire "to be the earth's most customer-centric company; to build a place where people can come to find and discover anything they might want to buy online" is a mission statement. 3. Strategic planning determines goals for an organization for a period of 1-5 years. 4. Tactical planning is done by first-line managers, who look forward to the next 1-8 weeks.
A given percentage increase in consumer demand can lead to a larger percentage increase in the demand for plant and equipment necessary to produce the additional output. Economists refer to this as ________
A) derived demand B) inelastic demand C) the acceleration effect D) a straight rebuy E) the sales cycle
Which of the following terms does not apply to materials and supplies that cannot be traced conveniently to specific products?
a. Indirect materials b. Indirect manufacturing costs c. Direct costs d. Overhead
If a company uses special journals
A) it must have one for cash, receivables, and payables B) it may have no more than four C) the quantity and design depend on the needs of the company D) no matter the quantity, the design must comply with the FASB requirements