In Order to Compete Well and Gain Market Share, Contemporary

question 76

Multiple Choice

In order to compete well and gain market share, contemporary businesses are changing to be more

• A) customer-driven.
• B) cash-driven.
• C) management-driven.
• D) production-driven.

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Definitions:

Operating Costs

Expenses associated with the ongoing operations of a business, such as wages, rent, and utilities, excluding costs linked to producing goods.

Computer System

An integrated set of hardware and software designed to process, manage, and store data.

Capital Cost Allowance (CCA)

A tax deduction in Canada that represents a business’s investment in depreciable property.

Earnings Before Interest And Taxes

A measure of a firm's profitability that includes all income and expense items except interest and income tax expenses.