A sunk cost is a cash flow that could be realized from the best alternative use of an owned asset

When implemented as a comprehensive operations strategy, JIT, TPS, and lean systems sustain competitive advantage and result in increased overall returns

Indicate whether the statement is true or false

The strategic management process is a sequential set of analyses and choices that can increase the likelihood that a firm will choose a good strategy that generates competitive advantages

Indicate whether the statement is true or false