Benchmark competitors - Study guides, Class notes & Summaries

When insuring a partnership, it is essential to identify which one of the following on the policy declaration page? Choose one answer. A. The partnership B. All partners C. General partners only D. All partners and their share of the partnership Answer - A. The partnership If a company's inventory turnover ratio is higher than the industry benchmark, it indicates that Choose one answer. A. Its inventory is becoming obsolete compared to that of its competitors. B. The...

The sum of the practices and processes that an enterprise uses to manage the total life cycle cost investment in its portfolio of strategic assets is called _________ Total Cost Management ______ is the application of scientific principles and techniques to problems of : - estimation - cost control - business planning & management science - profitability analysis - project management - planning & scheduling Cost Engineering _______ Is the value of an activity or asset. Gene...

What is strategy? An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? Internal and External. What are the 3 business strategies? 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantage? Compare firm performance to a benchmark. ...

What is strategy? - An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? - Internal and External. What are the 3 business strategies? - 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? - Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantage? - Compare firm performance to a benchmark. What is sustainable...

mgmt principles of managements Canadian - test banks, Chapter 2 Organizational Environments and Cultures MULTICHOICE 1. What are the two types of external organizational environments? (A) general and specific (B) public and private (C) global and national (D) organizational and interpersonal Answer : (A) 2. Which of the following environments affects all organizations? (A) the global environment (B) the national environment (C) the general environment (D) the formal environment Answer :...

Chapter 7Activity-Based Costing: A Tool to Aid Decision MakingDiscussion Case (20 minutes)Potential benefits of adopting an ABC system that arise from having more accurate product (or service) costs include:• Improved product (or service) pricing decisions• Improved product (or service) mix decisions• Ability to target process improvements in key activities that can result in cost savingsQuantifying any of these benefits is an inherently subjective exercise but it can be done. For example,...

The reward can be defined. Paying an employee $50,000 salary per year is an example. o :## Absolute Level Pertaining to the activities of running an organization or a business. o :## Administrative Uses examples or definitions of typical behaviors to define each point along the scale. o :## Anchored Rating Scale Giving employees discretion in choosing what to do and how to do it. o :## Autonomy Exists because the data a company obtains about market rates may not be an accurate represen...

WPC 480 Final UPDATED Exam Questions and CORRECT Answers What is strategy? - CORRECT ANSWER- An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? - CORRECT ANSWER- Internal and External. What are the 3 business strategies? - CORRECT ANSWER- 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? - CORRECT ANSWER- Superior performance relative to other competitors in the same industry or...

Strategic management correct answers Integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage Strategy correct answers A set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors 1. Diagnosis of the competitive challenge 2. A guiding policy to address the competitive challenge 3. A set of coherent actions to implement the firm's guiding policy correct answers 3 elements of...

WPC 480 Final Exam What is strategy? - An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? - Internal and External. What are the 3 business strategies? - 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? - Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantage? - Compare firm performance to a b...

Absolute Level - ANSWER The reward can be defined. Paying an employee $50,000 salary per year is an example. Administrative - ANSWER Pertaining to the activities of running an organization or a business. Anchored Rating Scale - ANSWER Uses examples or definitions of typical behaviors to define each point along the scale. Autonomy - ANSWER Giving employees discretion in choosing what to do and how to do it. Bad Data Challenge - ANSWER Exists because the data a company obtains about ma...