Questions from Cost Management


Q: Do you think there is value to the firm and to its

Do you think there is value to the firm and to its shareholders of a strong ethical climate in the firm? Why or why not? Do you think there is value to the firm and to its shareholders of a strong eth...

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Q: In recent years, the drug VIOXX was removed from the market

In recent years, the drug VIOXX was removed from the market by the pharmaceutical giant Merck & Co. The drug was used to relieve arthritis pain and was especially beneficial for patients who needed a...

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Q: What would you consider to be the strategy of The Coca-

What would you consider to be the strategy of The Coca-Cola Company: cost leadership or differentiation? Why?

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Q: What is a commodity? Give some examples of what you consider

What is a commodity? Give some examples of what you consider to be commodities and explain whether you think the company making the commodity product or service is a cost leader or a differentiator an...

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Q: Take as an example the bank where you have your account(

Take as an example the bank where you have your account(s) and state whether you think it is a cost leader or a differentiator and why.

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Q: Consider the three broad categories of firms: manufacturers, retailers,

Consider the three broad categories of firms: manufacturers, retailers, and service firms. Give an example of a cost leader and a differentiator in each of the three categories. Do there tend to be mo...

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Q: Michael Porter argues a firm cannot be at the same time a

Michael Porter argues a firm cannot be at the same time a cost leader and a differentiator. Do you think a firm could be a cost leader and then become a differentiator, or vice versa?

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Q: What is the difference between strategy and planning?

What is the difference between strategy and planning?

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Q: What are some of the key issues to consider in effectively implementing

What are some of the key issues to consider in effectively implementing a balanced scorecard?

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Q: How many measures are usually on the balanced scorecard?

How many measures are usually on the balanced scorecard?

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