In the Context of Using Information Technologies for a Competitive

question 101

Multiple Choice

In the context of using information technologies for a competitive advantage, which of the following statements is true of a bottom-line strategy?

• A) It focuses on improving efficiency by reducing overall costs.
• B) It focuses on generating new revenue by offering new products and services.
• C) It focuses on enhancing rivalry among existing competitors.
• D) It focuses on helping different market segments achieve a cost advantage.

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Definitions:

Asset Account

An account on a company's balance sheet that represents tangible or intangible items of value owned by the company.

Liability Account

An accounting record that represents a company's legal debts or obligations that arise during business operations.

Other Accounts

Other accounts generally refer to miscellaneous financial accounts on a company's balance sheet that don't fit into standard categories like assets, liabilities, or equity.

Debit Entry

An accounting entry that results in either an increase in assets or expenses, or a decrease in liabilities or equity, on a company's balance sheet.