In 2008,Apple,Inc

question 28

Multiple Choice

In 2008,Apple,Inc.introduced Mobile Me,which keeps everything on a consumer's Mac,PC,iPod or iPhone on an online server Apple calls the "Cloud" so that it can be accessed at any time.Apple is catering to on-the-go consumers who use multiple platforms.This positioning strategy is based on the:

• A) product class
• B) price and quality
• C) use or application
• D) product user
• E) competitor

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Definitions:

Sales On Account

Transactions where goods or services are sold with payment to be received at a later date, often documented through invoices.

Cost Of Goods Sold

Direct expenditures linked to the making of products that a company offers for sale.

Average Collection Period

The typical duration in days for a business to collect payments due from its clients.

Financial Statements

Official documentation of a business, individual, or entity's financial transactions and status, often comprising the balance sheet, income statement, and statement of cash flows.