One of the most interesting theoretical explanations offered for the connection between social and financial performance states that financially successful businesses have slack resources that can be devoted to social performance as a result of their financial performance, which creates a self-perpetuating cycle of simultaneously superior performance in both areas. What is this theory called?
a. the virtuous cycle
b. the cycle of diminishing returns
c. the vicious cycle
d. the cycle of synchronicity
a. the virtuous cycle
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In a(n) ________, the buyer announces something he or she wants to buy, and potential sellers compete to offer the lowest price
A) Dutch auction with one buyer and many sellers B) English auction with one buyer and many sellers C) English auction with one seller and many buyers D) sealed-bid auction E) ascending auction
Which of the following is part of the microenvironment of a firm's marketing environment?
A) the political state of the country in which the firm exists B) the cultural forces that exist in a society C) the suppliers who work with the company D) the technological resources available to the company E) the different demographic trends in the market
A new generation of lunch trucks in cities such as New York, San Francisco, and Los Angeles serving high-end fare such as hamburgers made from grass-fed cattle, escargot, and crème brulee illustrate the focus cost leadership strategy.
Indicate whether the statement is true or false.
As capacity utilization increases, it becomes less important to perform aggregate planning
Indicate whether the statement is true or false.