Examlex
TerraLoc competes in the market for global positioning devices and services. The company manufactures its own GPS units, which are smaller than those of any other competitor and include a proprietary battery that lasts 200% longer than any other competitor's battery and that TerraLoc manufacturers on-site. TerraLoc also has developed proprietary software that is much faster and more precise than that of any competitor. When developing the proprietary battery, TerraLoc decided to manufacturer the battery in-house to reduce the possibility that the company it outsourced the battery manufacturing to might reverse engineer the battery and sell a similar product to competitors. This possibility was especially troubling given that the company expected a significant increase in demand due to the improved battery life. Additionally, TerraLoc sells its products and services through its own direct sales force to ensure that its representatives highlight the longer battery life of TerraLoc's units.
-TerraLoc's development of the new battery technology is likely to
Accounts Receivable
Funds that customers owe to a business for products delivered or services rendered but have not been paid for yet.
Inventory
The raw materials, work-in-progress products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.
Auction Markets
Markets where buyers bid for products or services, with the highest bidder winning the item, such as stock exchanges.
TSX
The Toronto Stock Exchange, which is the largest stock exchange in Canada and the ninth largest in the world by market capitalization.
Q15: A common way of thinking about strategy
Q22: In comparison to strategic alliances, joint ventures
Q33: Mature industries are characterized by<br>A) an increase
Q34: If one of a firm's exchange partners
Q50: According to the Federal Trade Commission, a
Q52: The ability to develop detailed local knowledge
Q74: It is reasonable to expect that in
Q76: _ exist when a firm's costs rise
Q82: Firms able to successfully differentiate their products
Q92: In a diversified firm, market prices are