A company's menu of strategic choices to supplement its decision to employ one of the five basic competitive strategies does not include _________.
A) whether and when to employ defensive strategies to protect the company's market position.
B) whether to integrate backward or forward into more stages of the industry value chain.
C) whether to employ a preemptive strike type of green ocean strategy.
D) whether and when to go on the offensive and initiate aggressive strategic moves to improve the company's market position.
E) whether to bolster the company's market position via acquisition or merger and/or whether to enter into strategic alliances or partnership arrangements with other enterprises.
C) whether to employ a preemptive strike type of green ocean strategy.
The principal offensive strategy options include: (1) offering an equally good or better product at a lower price, (2) leapfrogging competitors by being the first to market with next-generation technology or products, (3) pursuing continuous product innovation to draw sales and market share away from less innovative rivals, (4) pursuing disruptive product innovations to create new markets, (5) adopting and improving on the good ideas of other companies, (6) using hit-and-run or guerrilla warfare tactics to grab sales and market share from complacent or distracted rivals, and (7) launching a preemptive strike to capture a rare opportunity or secure an industry's limited resources. While the chapter discusses blue ocean strategy, there is no such thing as a "green ocean strategy."
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Westmoreland Company Following are selected data from Westmoreland Company's financial statements. 2017 2016 Current liabilities $230,000 $160,000 Long-term debt 120,000 320,000 Stockholders' equity 420,000 540,000 Cash payments for additions to plant and equipment 45,000 32,000 Net cash flow from operating activities 80,000 51,000 Interest and principal payments 12,000 8,000 Net operating cash
flows before interest and taxes 68,000 43,000 Net income 90,000 72,000 Interest expense 8,500 11,500 Income taxes 16,000 14,500 Dividends paid 15,000 30,000 Refer to the Westmoreland Company data. The company's debt service coverage ratio for 2017 indicates that the a. company's ability to pay principal and interest to creditors has declined. b. company has more net income available to allocate to stockholders after the payment of debt. c. company had significantly changes in current assets and current liabilities during the period. d. company generates about $2 of cash from operations to cover every $1 of debt.
A product life cycle has five distinct stages: product development, introduction, growth, maturity, and ________
A) stabilization B) rebranding C) decline D) progression E) segmentation
Under ________, the market consists of many buyers and sellers trading in a uniform commodity
A) pure competition B) monopolistic competition C) oligopolistic competition D) a pure monopoly E) the dominant firm model
Many firms disaggregate the initial amounts they received from shareholders for common shares into the par or nominal or stated value of the shares and the amounts received in excess of this value, called:
a. additional paid-in capital (APIC). b. share premium. c. capital contributed in excess of par value. d. Choices a, b, and c are correct. e. None of these answer choices is correct.