Which of the following describes how a local firm could defend its local market against a global company?
A) It should reduce its price and begin competing on price differentiation.
B) It should emphasize its home country or ethnic origin.
C) It should increase advertising expenditures and continue with the same message as before.
D) It should increase its research and development expenditure and enhance its product.
B
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The flexible budget
a) eliminates the need for a master budget. b) is a series of static budgets at different levels of activity. c) is prepared before the master budget. d) is relevant both within and outside the relevant range.
How are decision tables organized?
A) alternatives down the left, states of nature on top, payoffs inside B) states of nature down the left, alternatives on top, payoffs inside C) alternatives down the left, payoffs on top, states of nature inside D) payoffs down the left, alternatives on top, states of nature inside E) states of nature down the left, payoffs on top, alternatives inside