Two Basic Questions Concerning Corporate and Business Strategy Are

question 13

Multiple Choice

Two basic questions concerning corporate and business strategy are:

• A)Where and how to compete?
• B)How and when to compete?
• C)What are the best arenas and structures to compete?
• D)When and where to compete?

Understand the impact of various transactions on the return on assets ratio and total asset turnover.

Identify transactions that affect the financial statements and how they influence specific ratios.

Understand the components and preparation of a multiple-step income statement.

Analyze the effects of sales, expenses, and transactions on net income, gross profit, and stockholders' equity.