Multiple Choice
Ronald's has been in the fast-food business for five years. After struggling for two years, it finally broke even, and the french fries it offers are its most popular product. However, during the past year, its business has suffered because the farm that used to supply it with potatoes has increased its prices drastically. What should Ronald's do to control production costs?
A) Reorganize the organizational hierarchy to increase efficiency.
B) Buy out the farm and become its own supplier.
C) Open more distribution outlets.
D) Broaden the product range by introducing potato nuggets on its menu.
E) Hire more efficient outlet managers.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: When Kimberly-Clark Corporation merged with Scott Paper
Q25: Design thinking gives organizations a competitive advantage
Q26: Pat's Pets has developed a reputation as
Q28: list and discuss the three competitive strategies,
Q30: A differentiator might use e-business techniques to
Q32: Which of the following is a first-mover
Q34: SWOT analysis includes an analysis of an
Q51: The first step in the strategic management
Q54: Innovation strategies focus exclusively on radical,breakthrough products
Q97: Creating and sustaining a strong organizational culture