Multiple Choice
Residual efficiency:
A) Is defined as the remaining unit cost differences between firms once all other drivers are taken into account
B) Is often called "organizational fat"
C) Depends on a firm's ability to eliminate organizational slack
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q26: During the 1970s, cost advantage in large
Q27: Product design for ease of production and
Q28: In the clothing industry, the critical factor
Q29: The factors which determine costs in an
Q30: Economies of scale are a key determinant
Q32: Three main sources generate economies of scale:<br>A)Specialization,
Q33: With regard to cyclical and structural excess
Q34: Examples of "knowledge-intensive" industries are:<br>A)Investment banking<br>B)Management consulting<br>C)Engineering-based
Q35: Even where competitive advantage is not primarily
Q36: Small and medium size firms can offset