For a resource to provide a firm with the potential for a sustainable competitive advantage, it must have four attributes. Which of the following is not one of these attributes?
A. rare
B. easy for competitors to substitute
C. valuable
D. difficult for competitors to imitate
Answer: B
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Noncomformity could be viewed as an example of ______.
a. moral courage b. open communication c. high ethical standards d. abusiveness
All of the following are disadvantages of test marketing EXCEPT that test marketing ________
A) is typically expensive B) can be time consuming C) enables competitors to gain advantages D) encourages dishonesty among participants E) fails to guarantee product success in the market
Brown Company's net income last year was $90,000 and its interest expense was $15,000. Total assets at the beginning of the year were $640,000 and total assets at the end of the year were $680,000. The company's income tax rate was 40%. The company's return on total assets for the year was closest to:
A) 14.5% B) 15.0% C) 13.6% D) 15.9%
In which of the following circumstances is picketing unlawful?
A) when picketing obstructs customers from entering the employer's place of business B) when picketing is carried out against the struck employer's product C) when picketing is carried out against the neutral employer D) when the employer carries out a "lockout" against the picketers at work premises