Determining Whether a Company's Prices and Costs Are Competitive

question 82

Multiple Choice

Determining whether a company's prices and costs are competitive

• A)requires looking at the costs of a company's internally performed activities and the costs of its suppliers and forward channel allies (distributors/dealers).
• B)requires performing pricing surveys on at least a quarterly basis.
• C)involves developing close relationships with buyers to determine if the market is showing signs of increasing price sensitivity.
• D)typically involves the use of activity-based cost accounting by the company's key retail customers.
• E)is a technique to evaluate whether a capability or resource is valuable,rare,inimitable,or nonsubstitutable.

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Definitions:

Least-preferred Co-worker

A concept from the Fiedler contingency model referring to the person a leader has least preferred to work with, used to identify the leader's leadership style.

Leadership Style

Describes the approach or method a leader uses to provide direction, implement plans, and motivate people.

Hersey And Blanchard

Creators of the Situational Leadership Model which suggests that successful leadership is achieved by adjusting one's style to the maturity level of the group being led.

Highly Capable

Refers to individuals or systems that display a high level of ability, skill, or competence in specific areas.