Gems Corp Is a Leading Jewelry Brand That Finds It Hard

question 12

Multiple Choice

Gems Corp. is a leading jewelry brand that finds it hard to make as much profit as its competitors. In order to overcome this, the employees of Gems Corp. decide to work harder to provide unique value to customers and increase the sales of the company. After a year, it is able to make more profits than its competitors. This scenario best illustrates ________.

• A)client advantage
• B)internal analysis
• C)external analysis
• D)competitive advantage

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Definitions:

Lockbox System

A service provided by banks to companies for the collection of payments from customers, involving the use of a special address (PO Box) where customers send their payments.

Treasury Bills

Short-term U.S. government debt obligations with a maturity of one year or less, considered a safe and liquid investment.

Anticipated Daily Savings

Expected savings that are calculated based on daily expenditures, often used in budgeting and financial planning.

Disbursement Float

The time lag between the issuance of a check by a payer and the actual deduction of funds from the payer's account.