Which of the Following Is a Disadvantage of Technology Leadership

question 14

Multiple Choice

Which of the following is a disadvantage of technology leadership?

• A)lower profit margins
• B)intense competition
• C)loss of brand image
• D)the need to educate buyers
• E)the establishment of entry barriers

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Definitions:

Accrued

Income earned or expenses incurred before cash has been exchanged, often recognized in the accounting process.

Insurance Policy

A legal contract between an insurer and the insured, outlining the terms, coverages, premiums, and conditions under which the insurer agrees to compensate the insured.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate revenues and expenses to the period in which they actually occurred.

Prepaid Insurance

Insurance premiums paid in advance for coverage that extends into future accounting periods.