Today's Global Economy Changes Competitive Strategies Because ________

question 15

Multiple Choice

Today's global economy changes competitive strategies because ________.

• A)it enables unprecedented product differentiation
• B)the communication between a company and its customer has become one-sided
• C)it reduces the risk that a company has to bear
• D)it eliminates the need for localizing products

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Definitions:

Earnings

The amount of profit that a company produces during a specific period, which is calculated as revenues minus expenses.

Advance Premium

An advance premium refers to payments made by policyholders to insurers, covering future periods of insurance coverage.

Workers' Compensation

Insurance offering medical benefits and compensation for lost wages to employees who get injured while working.

General Journal

A primary accounting record used to record all financial transactions in chronological order.