3M Uses Which Strategy for Attracting Customers

question 70

Multiple Choice

3M uses which strategy for attracting customers?

• A) quality
• B) low-cost
• C) dependability
• D) flexibility
• E) consistency

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Definitions:

Owner's Equity

The residual interest in the assets of a entity after deducting liabilities, representing what the owners own outright.

Creditors' Risk

The risk faced by lenders that borrowers may default on their debt obligations, potentially leading to financial losses.

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Owner's Equity

Owner's equity represents the owner's claims on the assets of the business, calculated as total assets minus total liabilities.