When the efficient size of a firm or plant is significantly smaller than the total size of an industry, there will usually be numerous efficient firms/plants in that industry, and a cost-leadership strategy based on economies of scale will be rare

In order to activate the reinstatement clause of a lapsed life insurance policy, the insured MUST

A) remit all past-due premiums within the grace period B) provide evidence of insurability to the insurer C) resubmit a new life insurance application D) provide a valid reason for the lapse

Flexibility is a key performance dimension for information flows in a(n):

A) strategic decision-making activity. B) global planning activity. C) routine decision-making activity. D) execution and transaction processing activity.