According to Porter,a Business Unit in a Competitive Marketplace with No

question 76

Multiple Choice

According to Porter,a business unit in a competitive marketplace with no generic competitive strategy is

• A) achieving synergy.
• B) practicing innovative leadership.
• C) stuck in the middle.
• D) not goal directed.
• E) last in line.

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Definitions:

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Average Collection Period

The average number of days it takes for a company to collect payments from its credit sales, a measure of the effectiveness of its credit and collection policies.

Year-End Balance

The final amount of money in an account at the conclusion of a financial year, after all transactions have been accounted for.

Forecasted Net Income

An estimate of a company's profit for a future period, calculated by projecting revenues and subtracting anticipated expenses.