Nick, the R&D department manager of Precise, a manufacturer of high-quality watches for over 125 years, was told in a management meeting that the company's biggest competitor, Accurate Watches, is introducing a low-cost, yet attractive line of watches that will be sold in Walmart stores. As a result, the top management of Precise is pressuring Nick to lower the production costs on existing products and also to develop a line of watches that can be manufactured inexpensively to be marketed to a wider variety of customers at a much lower price. This is an example of a quality-leadership strategy.
a. True
b. False
b. False
Business
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The Commuter Solutions Company just paid an annual dividend of $1.12. If you expect a constant growth rate of 4% and have a required rate of return of 13%, what is the current stock price according to the constant growth dividend model?
A) $12.44 B) $12.94 C) $13.46 D) There is not enough information to answer this question.
Business
Which is not a guideline for form design?
A) Make forms easy to fill out. B) Ensure that forms meet the purpose for which they are designed. C) Design forms to assure accurate completion. D) Keep forms attractive. E) None of the above.
Business