Which of the Following Elements Belongs to the Successful Late

question 30

Multiple Choice

Which of the following elements belongs to the successful late entrants' market strategy?

• A)leapfrogging the pioneer with superior product technology
• B)focusing on peripheral target markets or niches
• C)larger entry scale than the pioneer
• D)heavy promotional expenditures

---

Definitions:

General Journal Entries

Accounting entries recorded in the general journal that document business transactions not handled by specialized journals.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments, used to verify the balance of debits and credits and to prepare financial statements.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, summarizing transactions over a period.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.