Competitive Priorities Define the Dimensions on Which Companies Should Excel

question 73

Multiple Choice

Competitive priorities define the dimensions on which companies should excel in producing their products or services.Which one of the following statements is TRUE?

• A) A firm that competes on the dimension of volume flexibility is more likely to manufacture products that experience a seasonal demand variation.
• B) It is impossible for a firm to improve cost and quality simultaneously.
• C) A firm offering little customization cannot compete simultaneously on the dimension of consistent quality.
• D) A firm that competes on the dimension of customization tends have operating systems that are inflexible.

---

Definitions:

Budgeted Balance Sheet

A projection of a company's financial position at a specific future date, based on expected income, expenses, and changes in assets and liabilities.

Sales Budget

A financial plan that estimates future sales, either in units or monetary value, over a specific period, aiding management in decision-making and resource allocation.

Cash Balance

The amount of cash or cash equivalents a company or individual holds, reflecting the liquidity available for use.

Total Receipts

The sum of all money received by a company during a specific period, including sales, refunds, investments, and any other income sources.