Gillette Combines Several Technologies (E

question 11

Multiple Choice

Gillette combines several technologies (e.g.,metallurgy,physiology,physics) to attain unparalleled success in the wet shaving industry.This is an example of their

• A) tangible resources.
• B) intangible resources.
• C) organizational capabilities.
• D) strong primary activities.

Distinguish between inventory owned by a company and inventory held on consignment.

Understand the significance and applications of various inventory costing methods (FIFO, LIFO, Weighted Average, Specific Identification).

Identify the circumstances under which estimated inventory costing methods are used.

Calculate estimated ending inventory and understand its impact on financial statements.

---

Definitions:

Empowerment

The process of increasing the capacity of individuals or groups to make choices and to transform those choices into desired actions and outcomes.

Service Provided

The assistance or work performed by a company for the benefit of its customers, can be tangible or intangible.

Customers

Individuals or entities that purchase goods or services from a business, essential for generating revenue and sustaining operations.

Customer Relationship Management

A strategy for managing an organization’s relationships and interactions with current and potential customers by using data analysis to study large amounts of information.