What type of control serves as the foundation for Threadless, the successful t-shirt company? Why do you think this approach is successful?
What will be an ideal response?
Answer: Sample response: Threadless built its business on allowing customers to participate in the design of its products, so I think the foundation of the business is customer relations management (CRM). There is an old adage in business that "the customer is always right," and Threadless is riding a wave of success by empowering its customers to be a "member" of the product development team. Based on the company's successful growth, its approach clearly has resulted in increased customer loyalty and retention, which are the primary goals of CRM.
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If an American firm has a subsidiary in the EU and the value of the euro depreciates rapidly against the value of the dollar over a year, you would see a reduction in the dollar value of the euro profit made by the European subsidiary. This would result in _____ translation exposure.
Fill in the blank(s) with the appropriate word(s).
A segment margin is always greater than or equal to zero
Indicate whether the statement is true or false