Cost competitive advantage can be achieved by:
a. avoiding reverse engineering efforts.
b. avoiding manufacturing products in bulk.
c. avoiding marginal customers.
d. avoiding government subsidies.
ANSWER: c
Cost leadership can result from obtaining inexpensive raw materials, creating an efficient scale of plant operations, designing products for ease of manufacture, controlling overhead costs, and avoiding marginal customers.
You might also like to view...
On August 1, Year 1, Bellisa Company issued a $10,000 6%, 1-year note to Citizens Bank. Which of the following entries reflects the adjustment required as of December 31, Year 1?
A.
| Interest Payable | 600 | |
| Interest Expense | 600 |
B.
| Interest Expense | 250 | |
| Interest Payable | 250 |
C.
| Interest Expense | 250 | |
| Notes Payable | 250 |
D.
| Interest Expense | 600 | |
| Interest Payable | 600 |
There are three main ways to analyze financial statements. Which of the following does not represent one of these ways of analyzing financial statements?
A) horizontal analysis B) ratio analysis C) financial statement analysis D) vertical analysis
Calculate the book value of the existing asset being replaced. (See Table 11.4)
What will be an ideal response?
The seller in a letter of credit transaction is called the: A) account Party
B) beneficiary. C) importer. D) issuer.