In Terms of Building Competitive Advantage,Harley-Davidson's Motorcycles and Nintendo's Wii

question 36

Multiple Choice

In terms of building competitive advantage,Harley-Davidson's motorcycles and Nintendo's Wii video games console share the following:

• A)Both are leisure products
• B)Both are not the biggest companies in their industry,but are the most profitable
• C)Both have demonstrated that cutting-edge technology is not critical to success
• D)Both embraced customers groups outside the their industries' core customer group

Determine the selling price for units by marking up unit product costs.

Understand how to calculate the amount of overhead applied to specific jobs.

Calculate the selling price for products by applying a markup to unit product costs.

Determine the total job cost for specific jobs.

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Definitions:

Balanced Scorecard

A strategic planning and management system used to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.

Performance Measurement

The process of evaluating how effectively and efficiently an organization or individual achieves its objectives.

Operating Assets

Assets used in the day-to-day operations of a business to generate revenue, excluding investments and non-operational assets.

Net Operating Income

The profit a company generates from its core business operations, excluding taxes and interest.