According to the Miles and Snow Typology,the Defender Strategic Type

question 20

Multiple Choice

According to the Miles and Snow typology,the defender strategic type:

• A)is likely to be the "first mover" in new-product market areas.
• B)responds rapidly to early signals concerning areas of opportunity.
• C)carefully follows a selected set of promising new developments in its industry.
• D)attempts to locate and maintain a secure position in relatively stable product or service areas.

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Definitions:

Sales Discounts

Reductions in the amount owed by a customer, usually offered as an incentive for early payment.

Single-Step Income Statement

A simplified income statement that calculates net income by subtracting total expenses from total revenues with a single calculation.

Total Expenses

The sum of all costs and expenses incurred by a business during a specific period of time.

Cost of Goods Sold

The immediate expenses linked to creating products sold by a business, covering both materials and workforce costs.