Multiple Choice
Use the information below to answer the following questions.
Fact 10.1.1 The Colvin Interview: Chrysler
The key driver of profitability will be that the focus of the company isn't on profitability. Our focus is on the customer. If we can find a way to give customers what they want better than anybody else, then what can stop us?
Source: Fortune, April 14, 2008
-Refer to Fact 10.1.1. In spite of what Chrysler's vice chairman and co-president claims, Chrysler's focus actually is on profitability because
A) all car firms are greedy.
B) without profitability the UAW will be unable to negotiate high enough wage rates for its members.
C) without a focus on profitability, Chrysler will either be eliminated from the market or taken over by another firm.
D) without a focus on profitability, Chrysler will face an unreasonably high implicit rental rate.
E) without profitability, Chrysler will not have enough money for research and development.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Use the information below to answer the
Q25: Use the information below to answer the
Q26: The major factor determining whether a firm
Q27: Use the table below to answer the
Q30: A firm that uses the latest technology
Q31: Firms organize production by using<br>A)command systems only.<br>B)incentive
Q32: The possibility that an employee may not
Q33: Which of the following activities is most
Q42: In general, (1)opportunity cost is greater than
Q118: In a monopoly,the four-firm concentration ratio is<br>A)75