Intel Was Able to Gain a Significant Cost Advantage Over

question 41

Multiple Choice

Intel was able to gain a significant cost advantage over its competitors in the production and sale of microprocessors because of

• A) capital requirements.
• B) product differentiation.
• C) switching costs.
• D) economies of scale.
• E) access to distribution.

Identify the types of contractual rights that are non-assignable.

Discern the types of contracts that require written evidence under the statute of frauds.

Differentiate between intended and incidental beneficiaries in contract law.

Explain the significance of assignments in contract law and the importance of giving notice to the obligor.

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Definitions:

Lean Manufacturing

A structured strategy to decrease waste production in manufacturing processes while maintaining efficiency.

Nonfinancial Measures

Performance metrics that do not involve monetary units but measure aspects such as customer satisfaction, quality, and employee engagement.

Financial Accounting Measures

Metrics and calculations used to record, summarize, and report the financial position and performance of a business according to accepted accounting principles.

Long-Term Operating Decisions

Strategic choices made by management concerning the long-term operations of a company, including investments in capital projects, product development, and market expansion strategies.