Which of the Following Is an Example of an Organization

question 47

Multiple Choice

Which of the following is an example of an organization that follows Porter's Best-Cost Provider Strategy?

• A) a hamburger served by a waiter on a plate with potato salad
• B) a hamburger and fries in a paper bag served by the drive-through operator
• C) a hamburger and baked potato placed on a tray and served by the take-out counter clerk
• D) a hamburger and baby greens salad in a plastic bubble package bought at the grocery store

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Definitions:

Accounts Payable Period

The amount of time it takes for a business to pay its suppliers after receiving goods or services, reflecting the company's payment policy towards its creditors.

Accounts Receivable

Sum owed by clients to a company for goods or services that have been dispatched or provided, with payment still due.

Cost of Goods Sold

Cost of Goods Sold (COGS) is the direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the good.

Accounts Receivable

Outstanding amounts due to a firm from customers for goods or services already delivered.