If a Business Adopts a Low-Cost Strategy, It Should Build

question 150

Multiple Choice

If a business adopts a low-cost strategy, it should build a supply chain with ________.

• A) product development skills
• B) modular design in products
• C) fast transportation
• D) buffer stock
• E) minimized inventory

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Definitions:

Decrease Net Income

Any event or transaction that results in a reduction of the net income of a company.

Decrease In Assets

A reduction in the value or quantity of the resources owned by an entity.

Increase Accounts Payable

An action reflecting a rise in the amount owed by a company to its creditors for goods or services received but not yet paid for.

Accounts Payable

Short-term liabilities representing amounts owed by a business to suppliers or creditors for goods and services purchased on credit.