As in the case of Siebel Systems (now part of Oracle), elements of a global strategy may facilitate the competitive advantage of differentiation by
A. flexibility in applying research and development to meet country-specific needs.
B. tailoring products to meet country-specific needs.
C. increased freedom of individual business units to adapt to local tastes.
D. the creation of a worldwide network to achieve consistent service regardless of location.
Answer: D
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________ is a competitive advantage that exists in your relationships with other people and the image other people have of you.
A. Entrepreneurial orientation B. Business economics C. Value-added production D. Affiliation E. Social capital
In which of the following cases of consumer safety violations will the U.S. Department of Agriculture be required to take action?
A) A new drug was released into the market without adequate testing and this lead to adverse side effects among users. B) A brand of soft toys for infants was produced with low-grade foam and fabrics that are harmful for children when ingested. C) A batch of sausages and cold cuts from a particular vendor was found to have high levels of salmonella and other pathogenic organisms. D) A fleet of cars released into the market by a famous company was found to have a defective braking system which could prove fatal for owners.
Sebree Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (7,000 units)$280,000Variable expenses 168,000Contribution margin 112,000Fixed expenses 105,600Net operating income$6,400The degree of operating leverage is closest to:
A. 43.75 B. 17.50 C. 0.06 D. 0.02
The competitive environment of a business encompasses the number of competitors the firm must face, the relative size of these competitors, regulatory agencies, and the degree of interdependence within the industry.
Answer the following statement true (T) or false (F)