A Competitive Response Is A(n)

question 38

Multiple Choice

A competitive response is a(n) :

• A)move taken to counter the effects of a competitor's action
• B)action taken to initiate a strategic change in an industry
• C)ineffective action for a firm to pursue
• D)move that applies only to for-profit enterprises

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Definitions:

Perpetual Inventory System

A method of inventory management where inventory levels are updated in real-time after every sale or purchase transaction.

Physical Count

A periodic inventory auditing process where a business physically counts its entire inventory to verify stock and identify discrepancies.

Perpetual Inventory System

A system of accounting that immediately logs the sale or acquisition of inventory using computerized point-of-sale systems and software for managing enterprise assets.

Freight Costs

Expenses associated with transporting goods from one location to another, often considered part of the cost of sales or inventory.