A ____ Reflects Where and How the Firm Has an Advantage

question 74

Multiple Choice

A ____ reflects where and how the firm has an advantage over its rivals.

• A) business-level strategy
• B) strategy
• C) differentiated-cost strategy
• D) core competence profile

---

Definitions:

Withdrawals

Amounts of money taken out from a business by its owners for personal use.

Revenue Accounts

The financial accounts that track the income generated from a company's normal business operations, such as sales or service charges.

Income Summary

The income summary is a temporary account used during the closing process that contains the sums of all revenues and expenses for the period to calculate the net income or loss.

Net Income

The final financial gain of a firm once it has subtracted expenses and taxes from its revenue.