_______________ strategies are based on designing, producing, marketing, and delivering a product or service more efficiently than competitors.
a. Low cost
b. Differentiation
c. Latent
d. Competitive
a. Low cost
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Liabilities whose amounts must be estimated are disclosed in financial statements by
A) including details in the footnotes. B) describing the estimated liabilities among the liabilities on the balance sheet but not including the amounts in the liability totals. C) an appropriation of retained earnings. D) including the amounts in the liability totals.
Which of the following situations would require interperiod income tax allocation procedures?
a. A temporary difference exists because the tax basis of capital equipment is less than its reported amount in the financial statements. b. Proceeds from an insurance policy on capital equipment lost in a fire exceed the book value of the equipment. c. Last period's ending inventory was understated causing both net income and income tax expense to be understated. d. Nontaxable interest payments are received on municipal bonds.
When computing diluted earnings per share, stock options are
a. recognized only if they are dilutive. b. recognized only if they are antidilutive. c. recognized only if they were exercised. d. ignored.
Hotels shifting customers from overbooked rooms to other hotels is an example of?
a. Outsourcing b. Capacity sharing c. Capacity swapping d. Capacity leasing