Nokia and Apple Are Open to New Ideas,relentlessly Pursue New

question 21

Multiple Choice

Nokia and Apple are open to new ideas,relentlessly pursue new solutions,and work to get new products to market quickly.They serve customers who want state- of- the- art products and services,regardless of the costs in terms of price or inconvenience.These companies are offering what value discipline?

• A)differentiation
• B)operational excellence
• C)promotional innovation
• D)customer intimacy
• E)product leadership

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period of time, resulting in a net profit or loss.

Capital Account

An account on the balance sheet representing the original investment by the owners plus any retained earnings.

Owner Invests

The action taken by an owner to contribute resources, such as cash or other assets, into the business for its use.

Revenue

The aggregate revenue derived from selling goods or services that are fundamental to an organization's main activities.