Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylene fiber, a key input to its manufacturing process. This is an example of creating value by using
A. related diversification to acquire market power by pooling negotiating power.
B. related diversification to acquire economies of scope by leveraging core competencies.
C. related diversification to acquire economies of scope by integrating vertically to acquire market power.
D. related diversification to acquire market power by integrating vertically.
Answer: D
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TQM ______.
A. is a quick fix B. is costless because quality is free C. may take several years to implement fully D. is required to meet ISO certification standards
Identify the five guidelines for business markets that apply to brand-building initiatives which are discussed in the text
What will be an ideal response?
In a profit center, the department manager has responsibility for and the authority to make decisions that affect:
A) not only costs and revenues, but also assets invested in the center B) the assets invested in the center, but not costs and revenues C) both costs and revenues for the department or division D) costs and assets invested in the center, but not revenues
The goals of an ethics training program do not include
a. Providing the necessary tools need by employees to understand the ethical decision-making process b. Explaining the procedure used when employees violate ethical standards c. Giving pay rises to all employees d. Creating a strong ethical work climate