The value to a company of pursuing a low-cost provider strategy is contingent upon A. whether or not it is easy or inexpensive for rivals to copy the low-cost leader's methods or otherwise match its low costs
B. the leader's ability to excel in manufacturing innovation so as to continuously reduce its manufacturing costs
C. the leader's ability to attain the biggest market share in the industry
D. the aggressiveness with which the low-cost leader pursues converting the cost advantage into the absolute lowest possible costs
E. the leader's ability to combine the cost advantage with a reputation for good quality

As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.

Shelby bought her dream car, a 1966 red convertible mustang, with a loan from her credit union. if shelby paid 5.1% and the bank earned a real rate of return of 3.5%, what was the inflation rate over the life of the loan?

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.