Companies Now Use Strategies That Are Lean,flexible,or Adaptive; Wait for Customers

question 17

True/False

Companies now use strategies that are lean,flexible,or adaptive; wait for customers to push products to the market.

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Definitions:

Expense Account

An account used to record expenses incurred by a business, which are then used to reduce income on the profit and loss statement.

Understated

Understated means that a financial amount has been reported or recorded as less than its actual or true value.

Posting

The process of recording financial transactions in the accounting ledger from the journal.

Ledger

A comprehensive collection of a company's financial accounts, providing a record of all financial transactions.