Western Union Failed to Define Its Competitive Arena as Telecommunications,concentrating

question 5

Multiple Choice

Western Union failed to define its competitive arena as telecommunications,concentrating instead on telegraph services,and was eventually outflanked by fax technology.Had Western Union been a _____-oriented company,its management might have better understood the changes taking place and developed strategies to counter the threat.

• A) sales
• B) empowerment
• C) community
• D) societal
• E) market

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Definitions:

Tax Purposes

The phrase "For Tax Purposes" refers to any actions or decisions made specifically to comply with tax laws and regulations, including the calculation of taxable income, deductions, and credits.

Financial Statement

Papers that present a summary of a corporation's financial status, covering balance sheets, income statements, and statements of cash flows.

Straight-Line Method

A method of allocating an asset's cost evenly throughout its useful life for purposes of depreciation.

Salvage Value

The expected resale price of an asset at the termination of its functional life.