Michael wants to launch a new product. He creates a website specifically for this on the Internet and uploads a short video demonstration of his product on the website. He also appeals to the viewers to make donations to help him start production. People respond well to his idea and help him collect enough financial resources to start his business. The opportunity of _____ is highlighted in the given scenario.
A. exploiting a market niche
B. providing personal customer service
C. having lower overhead costs
D. using technology
Answer: D
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Companies that cooperate extensively with competitors:
a. often do so because they are desperate. b. experience a lower return on equity than companies that have an intermediate level of competitor alliance intensity. c. experience a higher return on equity than companies that have an intermediate level of competitor alliance intensity. d. experience about the same return on equity as companies that have an intermediate level of competitor alliance intensity. e. should try to "beat" the alliance partner.
Which of the following statements is true regarding regression analysis?
A) It is usually the most accurate technique used to determine equivalent units. B) It is usually the most accurate technique used to determine net income. C) It is usually the most accurate technique used to determine the total units of production. D) It is usually the most accurate technique used to determine mixed cost behavior.
List and briefly discuss three measures that can be taken to maintain good controls over merchandise inventory
What will be an ideal response
______ is the coordination of all activities related to production by providing consistent data to all participants involved in various stages of the production process.
a. Manufacturing resource planning (MRP) b. Manufacturing resource planning (MRP II) c. Enterprise resource planning (ERP) d. Distribution requirements planning (DRP)