A Firm's Sales Are the Primary Force Driving Future Asset

question 12

True/False

A firm's sales are the primary force driving future asset needs.

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Definitions:

Defensive Strategy

A business approach aimed at reducing risk, protecting market share, or countering competitive threats, typically through measures like cost-cutting, innovation, or partnerships.

Diversifying

Expanding a company's range of products or markets to reduce risk and increase potential for growth.

New Products

Items that have been recently introduced to the market, offering novel features or benefits to consumers.

Offensive Strategy

A proactive approach in business or sports aiming to attack or target opportunities aggressively in order to gain a competitive edge.