Which of the Following Is True of Related and Supporting

question 51

Multiple Choice

Which of the following is true of related and supporting industries within the theory of national competitive advantage of industries?

• A) They provide the foundation upon which key industries can excel
• B) They highlight a firm's structure,strategy,and rivalry
• C) They are able to be developed in a country within a few months to boost a firm's competitive advantage
• D) Most firms thrive in the absence of strong related and supporting industries

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Definitions:

Revenue Recognition

The accounting principle that outlines the specific conditions under which revenue is recognized or recorded.

Initial Direct Costs

Upfront expenditures that are directly associated with securing a contract or lease, such as legal and brokerage fees.

Service Costs

The expenses recognized in the period in which employees render services to obtain future benefits under a defined benefit plan.

Deferred

This refers to items or transactions that are postponed or delayed to a future date for accounting purposes.