Discuss the two keys to the success or failure of a company
What will be an ideal response?
Answer: A company's success or failure is thus closely linked to the following keys:
1. The competitive strategy and all functional strategies must fit together to form a coordinated overall strategy. Each functional strategy must support other functional strategies and help a firm reach its competitive strategy goal.
2. The different functions in a company must appropriately structure their processes and resources to be able to execute these strategies successfully.
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Which category of inventory holding costs has a much higher percentage than average for rapid-change industries such as PCs and cell phones?
A) housing costs B) material handling costs C) labor cost D) investment costs E) pilferage, scrap, and obsolescence
Forms for filing the estate tax may be obtained from the U.S. Postal Service or the Internal Revenue Service
Indicate whether the statement is true or false.