Late movers in global markets can never succeed even by developing innovative business models
Indicate whether the statement is true or false
FALSE
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The Ford Fusion Hybrid SE uses hybrid fuel technology with the latest in lithium-ion battery technology to deliver more power, convenience, prestige, and fuel economy than non-hybrid cars. These attributes listed for the Ford Fusion Hybrid SE are those that consumers may consider when assessing the car. If they do, these attributes would be considered
A. competitive advantages. B. informational alternatives. C. points of difference. D. consumer attributes. E. evaluative criteria.
A credit to the Manufacturing Overhead control account represents the
a. actual cost of overhead incurred. b. actual cost of overhead paid this period. c. amount of overhead applied to production. d. amount of indirect material and labor used during the period.
A company's CEO has developed a five-year strategic plan and will share it with all employees. This is an example of downward communication
Indicate whether the statement is true or false
Thoen Heavy Machinery Corporation has developed a new drill press-model OU-84-that has been designed to outperform a competitor's best-selling drill press. The competitor's product has a useful life of 30,000 hours of service, has operating costs that average $1.60 per hour, and sells for $189,000. In contrast, model OU-84 has a useful life of 120,000 hours of service and its operating cost is $1.00 per hour. Thoen has not yet established a selling price for model OU-84.Required:From a value-based pricing standpoint what range of possible prices should Thoen consider when setting a price for model OU-84?
What will be an ideal response?