One aspect of using a cost leadership strategy is that experience effects may lead to lower costs. Experience effects are achieved by
A. spreading out a given expense or investment over a greater volume.
B. hiring more experienced personnel.
C. competing in an industry for a long time.
D. repeating a process until a task becomes easier.
Answer: D
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Which of the following is an example of a demonstration technique?
A. Shock approach B. Complimentary approach C. Premium approach D. Curiosity approach E. Product approach
Which of the following statements regarding the center-of-gravity method is FALSE?
A) It is designed to minimize the maximum possible travel distance to any of the locations. B) The optimal x- and y-coordinates are calculated separately. C) The optimal solution is unconstrained, so it could suggest a location in the middle of a body of water. D) The weights used are the quantity of goods moved to or from each location. E) The origin of the coordinate system and the scale used are arbitrary, just as long as the relative distances are correctly represented.
A general who uses a sub's bid in his project offer has accepted the sub's bid
Indicate whether the statement is true or false
Index funds are popular for all of the following reasons except
A) their performance relative to other mutual funds. B) they incur low expenses. C) they are not actively managed. D) performance is frequently lower than that of actively managed portfolios.