The three dimensions of competitive position are: a differentiation position, a cost position, and a ________
A) marketing position
B) buyer power position
C) price rivalry position
D) revenue position
E) channel access position
A
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The Fime Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-hours worked 6,200hoursStandard direct labor rate$7per hourLabor efficiency variance$2,100UnfavorableThe standard hours allowed for December's production is:
A. 6,000 hours B. 6,200 hours C. 6,500 hours D. 5,900 hours
A cell phone manufacturing firm produced 1,000 cell phones a day but believed that it could reasonably step up production to 2,000 cell phones a day Consequently, it built a larger plant and installed efficient machinery and work arrangements to realize the projected output. Which of the following can most likely be inferred from this information?
A) The unit cost of producing 2,000 cell phones per day would be twice that of the unit cost of producing 1,000 units per day. B) A production plant with the capacity of producing 5,000 cell phones a day would be most efficient. C) The unit cost of producing 2,000 cell phones per day would be lower than the unit cost of producing 1,000 units per day. D) A 2,000-capacity production plant would be less efficient because of increasing diseconomies of scale. E) The fixed costs of the firm are more likely to increase with the increase in output.
Illusory promises are enforceable if one of the parties has performed their contractual obligation
Indicate whether the statement is true or false
Scientific and technological advancements in a specific industry, as well as in society at large, are included in which general environment dimension?
A. Sociocultural B. Legal-political C. Economic D. Technological E. Corporate culture