Cecilia's Business Has More Expenses Than It Has Revenues This

question 193

Multiple Choice

Cecilia's business has more expenses than it has revenues this year;therefore,her business has a

• A) net loss.
• B) net increase.
• C) net income.
• D) net cash flow.

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Definitions:

Managerial Controls

Mechanisms or techniques used by management to direct, monitor, and measure the performance of resources and processes towards achieving organizational goals.

Competitive Advantage

Circumstances or factors that place an enterprise at a beneficial or higher standing against its competition.

Focus Strategy

A competitive approach where a firm concentrates its resources on entering or expanding in a narrow market segment to achieve a competitive advantage.

Market Segment

A sub-group of a larger market made up of consumers or organizations with similar characteristics that lead them to have similar product and service needs.