Calvin Knew His Small Local Hardware Could Not Compete on Price

question 66

Multiple Choice

Calvin knew his small local hardware could not compete on price with the big-box discounters so he began offering classes for new homeowners and found other ways to provide services the bigger stores don't.Calvin's competitive edge is:

• A)customer focus.
• B)quality performance.
• C)innovation
• D)niche markets.

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Definitions:

Plant Asset

Long-term tangible assets used in the production of goods or services, including machinery, buildings, and equipment.

Depreciation

The methodical distribution of the expense of a physical asset across its expected lifespan.

Disposal

The process of getting rid of an asset or waste material, including selling, recycling, or discarding.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was acquired, reflecting its use and wear and tear over time.