Narrative 7-3 Kodak Recognized That Digital Photography Was a Threat to the to the Future

question 23

Multiple Choice

Narrative 7-3
Kodak recognized that digital photography was a threat to the future growth of the company. Therefore, the company decided to become a market leader in digital imaging.
-Refer to the Narrative 7-3.In order to maintain a competitive advantage in the clothing industry,Levi's had to create new,more efficient methods of dealing with its suppliers.What is the term for the process of Levi's discontinuing inefficient methods of dealing with suppliers through substituting electronic networks for outdated systems?

• A) dominant design
• B) competitive advantage
• C) innovation stream
• D) comparative differential

---

Definitions:

Continuity Assumption

An accounting principle that assumes the business will continue operating indefinitely, not being forced to cease operations or liquidate.

Foreseeable Future

A time period in which an event or action is predicted or expected to occur.

Economic Benefits

The advantages or gains received by an individual, company, or society from financial activities or investments.

Past Transactions

Previously completed financial activities or operations that a company has engaged in.