What Management Approach Would Most Likely Endanger the Future Growth

question 100

Multiple Choice

What management approach would most likely endanger the future growth of a company?

• A) adopting a consumer orientation
• B) becoming aware of the scope of its business
• C) committing to maintaining a product-oriented philosophy
• D) focusing on providing benefits rather than producing products

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Definitions:

Inventory Turnover

A measure that reveals the frequency at which a firm's stock is sold and replenished within a given timeframe, demonstrating the effectiveness of its inventory control.

Accounts Receivable Turnover

A financial ratio indicating how many times a company collects its average accounts receivable balance in a given period.

Year 2

Designates the second fiscal or calendar year in a sequence of years, crucial for tracking progress, budgets, and planning in various contexts.

Average Collection Period

The average amount of time it takes for a business to receive payments owed by its customers for goods or services sold on credit.