Which of the following statements accurately describe a 'stuck-in-the-middle' situation?Select one or more:a.A 'stuck-in-the-middle' situation is where a firm can be seen to be following a combination ofgeneric strategies instead of choosing a single strategy to compete with other firms – eitherdeliberately or inadvertently.b. A 'stuck-in-the-middle' situation always has negative implications for an organisation's□ c.A 'stuck-in-the-middle' situation may have both negative and positive implications for anorganisation's performance.performance.Od. A stuck-in-the-middle' situation always has positive implications for an organisation'sperformance. The Value Proposition Canvas ...Select one:a. is a way to represent the business model of a firm.b. is a way to explain how the different activities contribute the value delivered in the product orservice.c. explains how value is created for the customer, showing how the customer needs are matchedwith the value proposition.O d. shows how revenues and costs are combined to make money.

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Answered: Which of the following statements…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Mr.Abdul is a sales manager of Oman Foods Company. Which one of the following is the best reason that makes him continuously focus on reviewing and evaluating sales performance? a. To determine how many calls a salesperson makes b. To complete sales performance reviews c. To adjust with changing customer needs and modify strategic sales program d. To adapt pricing changes
1. Jim’s boss asked him to investigate why sales for the last quarter were low. Jim interviewed one of the sales managers about the problem, and she complained that the new people didn’t know how to sell. Jim then wrote a report in which he identified the new people’s deficient skills as the problem and recommended that more training be provided for them. What errors in interpretation do you see in Jim’s report? 2. You are writing a report on the progress of your local cable company’s efforts to increase the sales of five of its products through different advertising media: print and online newspapers and magazines, television, radio, email, and social media. Plan the headings for this report and explain why you’d organize the information this way.
Directions: Read each statement carefully. In a separate sheet of paper, write TRUE if the statement is correct and FALSE if the statement does not fit the description 1. CRM helps businesses build a relationship with their customers that, in turn, creates loyalty and customer retention 2. Customer database information is also used in customer segmentation and profiling 3. An intimate knowledge and understanding of customer needs and wants can lead to ineffective customer service that can result in long-term customer loyalty. 4. Acquiring and keeping customers is the end goal of businesses because customers create demand. 5. Maintaining high levels of customer service quality may be simple due to variability of services. 6. Customer's lifetime value involves activities designed to enhance customer satisfaction, or the perception that a product has met or exceeded expectations. 7. Customer Relationship Management can take on many forms-salesperson assistance, product delivery, technical…
Targeting customers by matching the company capabilities, strengths, and product features with customer need results in ___ service offering in the eyes of target customers * a. win-win b. superior c. satisfying 2. Firms need to focus on customer volume instead of focusing on customer value and fit. This statement is considered ___ * True False Fallacy
٣٨((( A well-conceived mission statement defines the specific and challenging purpose that sets a company apart from others in different industries. Select one: a. TRUE b. FALSE
Which of the following statements about corporate purpose is not true? -In an extensive survey of CEOs 95% percent of respondents cited the core problem they endeavor to solve -In their corporate literature firms need to identify the primary beneficiaries of the organization's work -Companies needs to ensure the purpose statement is balanced -Developing a powerful purpose statement establishes what is unique and non-replicable about a company and provides competitive advantage - b and "d"
Which of the following statements about organizational missions is FALSE? a. They indicate what a company tends to contribute to society b. They define a company’s reason for existence c. They are formulated after strategies are known d. They reflect a company’s purpose e. They provide guidance for functional area missions
Why does a company needs financial objectives? A) to convince shareholders that top management is acting in their interests. B) because without adequate profitability and financial strength, the company's ultimate survival is jeopardized. C) to indicate to employees that financial objectives always take precedence over strategic objectives. D) to translate the company's business model into action items. E) to overtake key competitors on such important measures as net profit margins and return on investment.
Which of the following is an incorrect statement describing Whistle blowing? a. None of the options describes whistle blowing b. Holding an extra ordinary general meeting to discuss the diversification plans c. Discussing the reasons for low profitability in the annual general meeting d. Holding a press conference to announce a new product
Which of the following is not a correct statement? a. Mass customization is an ability to make goods and services that global customers require at any volume and time. b. Innovative companies focus on outstanding product research, design, and development. c. Customers demand quick responses, short waiting times, and consistency in performance. d. Core competencies are strengths unique to an organization. e. Strategic planning does not help an organization build a strong position to achieve its goals, despite unforeseen external forces.
Which of the statements is untrue a Customers want to be treated as part of a whole and the same, without differentiation b Customers know exactly what they want, and demand products just the way they want them C Customers want flawless service, and to be treated less like a number and more like individuals d Customers expect individualized, interactive and sophisticated approaches to CRM
Which of the following statements regarding materiality is True? a. In general terms, levels of materiality are set depending on an auditor’s judgements. b. Materiality is determined at the start or planning phase of an audit engagement. It is a component of an audit that remains an unmoving benchmark. c. Common benchmarks that may be appropriate, may be based on levels of reported income in categories such as profit before tax, total revenue, total expenses, gross profit, total equity or net assets. d. Misstatements, including omissions, are considered to be material if they, individually or in aggregate, could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.

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