_________ Are Those That Have Few Sources of Advantage,but the Size

question 15

Multiple Choice

_________ are those that have few sources of advantage,but the size is large--typically the result of scale economies.

• A) Volume businesses
• B) Stalemate businesses
• C) Specialization businesses
• D) Fragmented businesses

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Definitions:

Cost Flow Assumption

An accounting method used to value inventory and determine the cost of goods sold, such as FIFO (First-In, First-Out) or LIFO (Last-In, First-Out).

Specific Identification

Specific identification is an inventory valuation method that tracks the cost of individual items in inventory and matches those costs with the items' actual sale.

Inventory System

A method for tracking the quantities, locations, and statuses of products a company has in stock, both for sales and production purposes.

Computerized

Systems or processes that are performed or managed by computers, typically involving automation of manual tasks.