In the Context of Using Information Technologies for a Competitive

question 98

Multiple Choice

In the context of using information technologies for a competitive advantage, which statement is true of a top-line strategy?

• A)It focuses on generating new revenue by offering new products and services.
• B)It focuses on improving efficiency by reducing overall costs.
• C)It focuses on refining operations by using latest technologies.
• D)It focuses on helping different market segments achieve technological advancement.

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Definitions:

Cash Balance

The amount of money a company has in its cash accounts, including currency, coins, and balances in checking and savings accounts, at a given point in time.

Cost Formula

A mathematical expression or method used to calculate the total cost of production or service, often considering both variable and fixed expenses.

Physical Flow

The actual movement and transfer of goods or materials through a production process or supply chain.

FIFO

"First In, First Out," a method used in inventory management and accounting where the goods first added to inventory are the first to be sold.