Which of the following factors reduces unit costs over the product life cycle?
A) increased promotion and training efforts
B) smaller orders of materials
C) increased use of specialized equipment
D) greater turnover of personnel
C
Business
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Maxim Computer has a 10 percent of a $250 billion market. Maxim is the low-cost leader and realizes a 20% margin on sales, and marketing, sales, and administrative expenses equal 10% of sales. What are Maxim's sales revenues?
A) $250 billion B) $25 billion C) $5 billion D) $2.5 billion E) $500 million
Business
John wants to perform external and internal audits as part of the strategic management process. What is a frequently used tool to organize relevant information on positive and negative aspects of the company and environment?
A) BCG matrix B) QSPM matrix C) SWOT chart D) EPS/EBIT table
Business