What light can you shed on the foundations of Tefal’s present and prospective competitive advantages by applying strategy frameworks discussed in this chapter?
What will be an ideal response?
The frameworks suggest that the foundations of Tefal’s present competitive advantage are the multiple,
compatible reinforcing elements (combinations rather than either/or). It appears to be essentially a
defender, but it uses innovation to sustain and develop its position and capabilities progressively, rather
than rely on sudden transformations.
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Companies, popular culture, customers, and influencers are forms of brand authors
Indicate whether the statement is true or false
Anthony Company sold Madison Company merchandise on account FOB shipping point, 2/10, net 30, for $20,000. Anthony prepaid the $300 shipping charge. Which of the following entries does Anthony make to record this sale?
A) Accounts Receivable-Madison, debit $20,000; Sales, credit $20,000 B) Accounts Receivable-Madison, debit $20,000; Sales, credit $20,000, andAccounts Receivable-Madison, debit $300; Cash, credit $300 C) Accounts Receivable-Madison, debit $20,500; Sales, credit $20,500 D) Accounts Receivable-Madison, debit $20,000; Sales, credit $20,000, andFreight Out, debit $300; Cash, credit $300
________ strategies involve selling a new product to a new market.
A. Product development B. Diversification C. Market development D. Penetration
Developing schedules, milestones, and critical paths is associated with the
A) initiating process group and the cost management knowledge area. B) executing process group and the communications management knowledge area. C) planning process group and time management knowledge area. D) executing process group and the risk management knowledge area.