Which of the following constitutes an implied warranty?
A. affirmation of the facts of the goods
B. description of the goods
C. model or sample of the goods
D. adequate packaging and labeling of the goods
Answer: D
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The primary activities involved in building an organization's strategy-supportive resources, capabilities, and organizational structure are NOT concerned with
A. instituting organizational arrangements that facilitate good strategy execution; establishing lines of authority and reporting relationships; deciding how much decision-making authority to delegate. B. developing a set of resources and capabilities suited to the current strategy and at the same time updating resources and capabilities as external conditions and the firm's strategy change. C. overseeing all strategic activities including: related and unrelated diversification, internal business development, joint ventures and alliances, mergers and acquisitions, modes of entry into international markets, ethics training and sustainability programs, and relationships with key stakeholders. D. training and retaining company personnel to maintain knowledge-based and skills-based capabilities. E. putting together a strong management team.
Backyard BBQ is a chain of casual restaurants that promises affordable barbecue using top-quality local ingredients. However, the company has struggled to achieve a competitive advantage because of its high overhead costs. Which of the following scenarios is most likely to result in a competitive advantage?
A. eliminating brick-and-mortar locations and offering delivery from a central kitchen B. raising prices without improving on the quality of food C. marketing itself as a high-end restaurant and competing with more refined restaurants in the area D. lowering the quality of ingredients below what customers expect to control costs
A definite time required for negotiability would NOT be satisfied in which instance?
A) Payable on or before January 1, 2015 B) Payable one week after demand is made C) Payable one year from the completion of the building D) A dated instrument payable "90 days after date"
Travel agencies perform distinct functions that pertain to a company’s distribution system. Which of the following is NOT one of them?
a. Distribution and sales network b. Reservations and ticketing c. Information provision and travel counseling d. Welcoming guests in a resort