The Four Basic Strategies a Company Can Employ to Deal

question 3

Multiple Choice

The four basic strategies a company can employ to deal with competitive forces are:

• A)(1)increase process efficiency,(2)implement demand control,(3)focus on market niche,and (4)low-cost leadership.
• B)(1)strengthen customer and supplier intimacy,(2)focus on market niche,(3)product differentiation,and (4)implement demand control.
• C)(1)focus on market niche,(2)product differentiation,(3)mass customization,and (4)implement demand control.
• D)(1)strengthen customer and supplier intimacy,(2)focus on market niche,(3)product differentiation,and (4)low-cost leadership.

---

Definitions:

Accounts Receivable

Financial accounting of money owed to a business by its clients or customers for goods or services provided on credit.

Subsidiary Ledger

A subsidiary ledger is a detailed list to support a general ledger account, such as accounts receivable or accounts payable, where individual transactions with entities or items can be tracked.

Supplemental Ledger

Supplemental ledger is an accounting ledger used for keeping detailed information that supports figures stated in the general ledger, providing additional details or breakdowns.