Which of the Following Statements Is True

question 6

Multiple Choice

Which of the following statements is true?
I. Serving similar customers with similar demand characteristics is an example of market focus.
II. A company specializing in assembling cars is an example of process focus.
III. A focused factory specializes in a wide product mix.

• A)I only is true
• B)I and II only are true
• C) I and III only are true
• D) II and III only are true
• E)all the above are true.

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Definitions:

Accounts Payable

The amount of money a company owes to its suppliers or creditors for goods or services bought on credit.

CCA Class

A categorization in the Canadian tax system that groups assets with similar properties for depreciation purposes.

Operating Income

This is the profit realized from a business's core operations, indicating the financial health of the business by excluding the effects of financing and investments.

Fixed Assets

Long-term tangible pieces of property or equipment a company owns and uses in its operations for generating income.