Which of the Following Strategies Provides an Example of the Most

question 141

Multiple Choice

Which of the following strategies provides an example of the most current era whose principles today's businesses are embracing?

• A) At TapTops International, a smart phone manufacturer, the production line is a 24-hour operation, even if demand is low.
• B) Five Star Car Sales always maintains a large stock of pre-owned cars at great prices. You can almost always get a car for about 30-40% cheaper than at another car sales company, but you buy it "as is," without any warranties.
• C) Corner Bookstore is known for stocking the top ten books on the monthly best sellers list. These books are almost always available at a reasonable cost to the bookstore, and they usually fly off the shelves. Corner Bookstore sees this as a win-win situation for themselves and their customers.
• D) Comfy Corner Hotels is all about the experience. Their goal is to make certain that every guest leaves their properties with a better feeling than when they first arrived. The CEO of Comfy Corner says, "We want you to think of our brand first when you make a hotel reservation."

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Definitions:

Compensated

To be given something, typically money, in recognition of service, effort, or loss.

Profit

The financial gain realized when the revenue generated from business activities exceeds the expenses, taxes, and costs associated with sustaining the business operations.

Closed-shop

A form of union security agreement where the employer agrees to hire union members only, and employees must remain members of the union at all times.

Agency-shop

A workplace where employees are not required to join the union, but all employees must pay union dues as the union negotiates on behalf of both members and non-members.