Answer the following statement(s) true (T) or false (F)
The normal curve is only sometimes symmetrical.
ANS:F
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Explain the term opportunism with respect to business relationships
What will be an ideal response?
The basic strategy options for local companies in competing against global challengers include
A. utilizing understanding of local customer needs and preferences to create customized products or services, developing business models to exploit shortcoming in local infrastructure, and using acquisitions and rapid growth to defend against expansion-minded multinationals. B. franchising strategies, multidomestic strategies keyed to product superiority, global low-cost leadership strategies, and cross-border coordination strategies. C. focused differentiation and broad differentiation strategies. D. best-cost provider and focused low-cost provider and low-cost leadership strategies. E. export strategies, licensing strategies, and cross-border transfer strategies.
American Woman Fitness Centers offer first-time customers a 3-month membership for $79, a saving of $20 off the regular 3-month membership price. American Woman Fitness Centers' pricing strategy is aligned with which of the following customer definitions of value?
A. Value is everything I want in a service B. Value is the quality I get for the price I pay C. Value is reliable service D. Value is all that I get for all that I give E. Value is low price
Given a payoff table in a decision making under risk scenario, what value is derived from applying the following decision rule?
Apply all four criteria presented in your book and choose the alternative that is selected more frequently than the others.