Why should a firm be aware of its competitors' distinctive competencies?
What will be an ideal response?
A distinctive competence is a firm's capability that is superior to the competition. A company must be aware of its competitors' distinctive competencies in order to successfully compete in the marketplace, shaping its own distinctive competencies into differential benefits that customers desire more than they desire the benefits offered by competitors.
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Which of the following is not a characteristic of money market funds (MMFs)?
A) They pool money provided by individuals to invest. B) They invest in securities with short-term maturities. C) They are high-risk investments. D) They allow limited check writing.
The inventory equation describes changes in inventory. The following equation measures all quantities in physical units:
a. Beginning Inventory + Additions + Withdrawals = Ending Inventory b. Beginning Inventory - Additions - Withdrawals = Ending Inventory c. Beginning Inventory + Additions x Withdrawals = Ending Inventory d. Beginning Inventory x Additions - Withdrawals = Ending Inventory e. Beginning Inventory + Additions - Withdrawals = Ending Inventory