Answer: slow cycle
Explanation:
Based on the information given, Ajax can enjoy sustained competitive advantage because they are in a slow cycle market.
Slow-cycle markets refers to the markets whereby the competitive advantages of a firm are protected from imitation, which is usually for long periods of time and in this scenario, imitation is usually costly. Therefore, in this market, competitive advantages are usually sustainable
Answer:
A. Contribution margin increases and Break-even point decreases
Explanation:
Answer: C. is an inside director of Lopez Electronics.
Explanation: It was stated that Bernard is a board member at Lopez Electronics and most board members of a company are either executive directors or non executive directors. Based on that fact Bernard should be an inside director at Lopez Electronics.
It was also stated that Bernard is a senior executive in the company, this also point to the fact that he is an inside director.
To start their own business, usually this supports their local economy however still depending on their success.