Which of the following, if true, most supports the argument in favor of global sourcing?
A) There is no scarcity of qualified personnel in and around Boston.
B) Studies show that by reconfiguring their value-chain systems or reengineering their business processes, companies can substantially improve their production efficiency and resource utilization.
C) Camden Audio, Echo's most formidable rival, follows a strategy of product diversification.
D) The rate of employee turnover at Echo has stabilized over the last decade.
B
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Which of the following best describes trend analysis?
A) calculating key ratios to evaluate performance B) expressing each financial statement amount as a percentage of a budgeted amount C) comparing a company's financial statements with that of other companies D) expressing each year's financial statement amounts as a percentage of the base year amounts
Oscar is on a tight budget so he uses the consumer promotions that will give him the best price for products he buys. Oscar is which type of consumer?
A) promotion prone B) brand loyal C) price sensitive D) shopper prone