What are the three main types of corporate strategies?
A. stability, focus, and turnaround
B. growth, stability, and renewal
C. growth, cost leadership, and differentiation
D. stability, differentiation, and focus
Answer: B
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The process that incorporates acquisition of all physical and informational inputs, as well as the efficiency and effectiveness with which they are transformed into customer solutions is _______
a. product development management b. supply chain development c. customer relationship management d. business management
Bliss Corporation settles a liability by making a payment in cash. How does paying this liability affect the accounting equation of the business?
A) assets and liabilities decrease B) liabilities decrease and equity increases C) assets and liabilities increase D) assets increase and equity decreases
?According to the text, a market is defined as
A. ?a place to buy products. B. ?the buyers of the products that a company develops, promotes, prices, and distributes. C. ?the specific group of customers on whom an organization focuses its marketing efforts. D. ?a group of individuals and/or organizations that have needs for products in a product class and have the ability, willingness, and authority to purchase those products. E. ?the percentage of a group of customers that actually buys a specific product from a specific company.
According to Porter's five forces model, established companies face stronger threats from substitutes if the substitute's ________
A) price is lower B) benefits are different C) switching cost is higher D) functions are different