The lot tolerance proportion defective (LTPD) is the customer's desired level of quality

Dollar General uses a low-cost strategy as a company. They want to bring in more customers by keeping prices low. How would this strategy impact the type of selection process used at Dollar General for sales associates?

a. The company will want to use a multi-step process, including well-designed behavioral interviews conducted by a panel of interviewers. Hiring the right people that can help keep cost down and volume high is critical. b. The strategy has no impact on the selection process. All companies have the same goals of hiring the most qualified candidates so selection processes are pretty standard across companies. c. The company will focus on cultural fit in the selection process to make sure employees can help innovate to keep a low-cost strategy. d. The company is likely to use a simple application and short interview process, along with a background check to be as efficient in the hiring process as possible.

The starting point in developing a budget based on zero-based budgeting is _____

a. last year's budget b. zero c. a competitor's budget d. the budgeted expense amount that maximizes profits