Which of the following is more powerful than rationalization of procedures?

Which of the following examples illustrates a niche strategy?

a. Libra, a motor company, uses new production techniques to achieve economies of scale. b. Alpha Electronics has decided to dissolve one of its strategic business units. c. Venus Inc. has decided to target customers in Asia. d. Relish, a confectionery store, sells its products only in one city.

A straight rebuy involves:

A) re-ordering raw materials from the same vendor B) buying materials from a new vendor C) seeking bids from a new vendor because of dissatisfaction with the current supplier D) purchasing a new building for an expansion project