​Strategy Is

question 13

Multiple Choice

​Strategy is

• A)​The art of matching the resources and capabilities of a firm to the opportunities and risks in its environment
• B)Developing a resource for the company that is both rare and valuable to create competitive advantage
• C)Making sure that the resource developed is non-fungible to create a sustainable advantage
• D)​All of the above

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Definitions:

Depreciation Expense

the systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.

Income Statement

A financial statement that shows a company's revenues and expenses over a specified period, resulting in net profit or loss.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.

Debit Column

A column in accounting ledgers and financial statements used to record increases in asset or expense accounts, and decreases in liability, equity, or revenue accounts.