In 2007,Apple Computer Introduced Its New IPhone,adding a Cellular Telephone,a

question 53

Multiple Choice

In 2007,Apple Computer introduced its new iPhone,adding a cellular telephone,a camera,and Internet access to its iPod.The company was pursuing a(n) __________ strategy.

• A) market development
• B) market penetration
• C) operational excellence
• D) customer excellence
• E) product development

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Definitions:

Outstanding Checks

Checks that have been written and recorded in the paying entity's accounting system but have not yet been cashed or cleared by the bank.

Purchase Requisitions

Purchase requisitions are formal requests made within an organization to purchase goods or services, typically before a purchase order is created and allocated the necessary budget.

Purpose

The purpose behind why something is done, created, or exists.

Petty Cash Fund

A small amount of cash on hand used for minor or incidental expenses within a business.