The competitive advantage of a best-cost provider like Trader Joe's is
A. having the best value chain in the industry.
B. its capability to incorporate upscale or attractive attributes into its product offerings at lower costs than rivals.
C. a distinctive competence in supply chain management.
D. its brand name reputation.
E. a distinctive competence in delivering top-notch quality and customer service.
Answer: B
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Kirsten believes her company's overhead costs are driven (affected) by the number of direct labor hours because the production process is very labor intensive. During the period, the company produced 5,000 units of Product A requiring a total of 1,600 labor hours and 2,500 units of Product B requiring a total of 400 labor hours. What allocation rate should be used if the company incurs overhead costs of $20,000?
A. $12.50 per labor hour for Product A and $50 per labor hour for Product B B. $2.67 per unit C. $10 per labor hour D. None of these.
Customers are often involved in the control process for many companies, because their feedback is important to achieving its goals. This can help a company better understand their target market’s ____, which is the value customers place on a good or service as opposed to its cost or price.
a. Opportunity cost b. Perceived value c. Total quality control d. Quality-cost value
Which of the following is a type of conditional promise?
a. Condition concurrent b. Condition subsequent c. Condition illusory d. Both a condition concurrent and a condition subsequent
In a multiple regression model, the probability distribution of the error variable ? is assumed to be:
a. normal. b. non-normal. c. positively skewed. d. negatively skewed.