Uses to achieve the lowest cost to beat the competition

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1. New product failure rates are approximately 60 percent, and the top reason reported for product failures often is the .

design of the new offering

design of the old offering

lack of need for the new offering

price of the new offering

2. A corporate strategy is the set of principles a firm uses to achieve the lowest cost to beat the competition. True or False

3. Tom has been told that he succumbs to the primacy effect at times. In order to offset this perceptual when making a decision, Tom needs to_____

A. imagine that his decision is wrong

B. be willing to stand firm in his belief

C. avoid additional information that may contradict first impressions

D. be careful to process all available information

4. Which of the following statement/s about flexible budgeting is/are false?

1- a flexible budget is also called a variable budget

2- A contribution margin format is always used

3- A flexible budget is designed to reveal the effects of price changes

4- A flexible budget performance report lists differences between actual performance and budgeted performance.

5- none of the answers, all are correct statements.

Reference no: EM132226890

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