The Third Prong of Prestige's Corporate Strategy Involves Periodically Reassessing

question 69

Multiple Choice

The third prong of Prestige's corporate strategy involves periodically reassessing which brands are the best long term from a portfolio standpoint and then adjusting the portfolio accordingly.Peter Drucker gave this a name.What is it?

• A)product demixing
• B)product line attrition
• C)organized abandonment
• D)periodic audit
• E)organized delisting

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Definitions:

Inventory

An accounting term for goods and materials held by a company in stock with the intention of selling them or transforming them in the production process.

Consolidated Cost

The combined cost of an asset that includes the purchase price and all costs necessary to prepare the asset for its intended use, within a group of consolidated companies.

Cost Method

An accounting method used for investments, where the investment is recorded at cost and adjusted only for dividends received.

Consolidated Financial Statements

Financial reports that aggregate the financial position, results of operations, and cash flows of a parent company and its subsidiaries.