The Planned Use of Company Resources to Promote and Sustain

question 58

True/False

The planned use of company resources to promote and sustain competitive advantage is referred to as competitive strategy.(Basic Strategic Planning Concepts)

---

Definitions:

Capital Deficits

Refers to a situation where a company's liabilities exceed its assets, indicating financial weakness or distress.

Noncash Assets

Assets that cannot be easily converted into cash, such as property, plant, and equipment.

Capital Balance

The amount of money that stakeholders have invested in a company minus any distributions to those stakeholders.

Capital Account

An account showing the net changes in a nation's financial assets and liabilities as part of its balance of payments.