For a Small Organization in Only One Line of Business

question 59

Multiple Choice

For a small organization in only one line of business, the competitive strategy simply describes________ _ .

• A) how the company will compete in its main market
• B) its competitive advantage
• C) what products or services it will offer
• D) the customers it wants to reach

---

Definitions:

Bond Interest Rate

The fixed or variable rate at which interest is paid by bond issuers to bondholders, typically expressed as an annual percentage.

Investments-Evans Company Bonds

Refers specifically to financial investments made in bonds issued by the Evans Company, representing a loan by the investor to the issuer.

Temporary Investments

Investments that a company plans to sell within a short period, typically within one year.

Current Assets

Assets likely to be converted into cash, sold, or consumed within one year or a business cycle, such as cash, inventory, and receivables.