In the Context of Using Information Technologies for a Competitive

question 98

Multiple Choice

In the context of using information technologies for a competitive advantage, which statement is true of a top-line strategy?

• A)It focuses on generating new revenue by offering new products and services.
• B)It focuses on improving efficiency by reducing overall costs.
• C)It focuses on refining operations by using latest technologies.
• D)It focuses on helping different market segments achieve technological advancement.

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Definitions:

First-In, First-Out

A rephrased definition of FIFO; it's a method of stock valuation assuming that the oldest inventory items are used or sold first.

Lower of Cost or Market

Accounting principle where inventory is stated at the lower value between its original cost and current market price.

Inventory Item

A specific product or material that a company holds in stock with the intent to sell or use in the production process.

Inventory Value

The total cost or market value of all items held in stock by a business, including raw materials, work-in-progress, and finished goods.