Analyzing Key Success Factors Leads One to Ask the Following

question 2

Multiple Choice

Analyzing key success factors leads one to ask the following two questions:

• A)What do customers want which we could supply profitably and what should the firm do to survive competition?
• B)What do customers want and what type of operational changes should a firm implement to survive competition?
• C)Which of the five forces of competition are critical for a firm's survival and how could the firm deal with them?
• D)How should managers analyse information collected from the market and what should they do about it?

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Definitions:

Adjusting Journal Entry

A journal entry made at the end of an accounting period to correct accounts before the financial statements are prepared, ensuring they comply with the accounting principles.

Accounting Services

Professional services that involve maintaining financial records, tax preparation, and audit assistance.

Software

A collection of data, programs, procedures, and instructions that tell the hardware of a computer what to do.

Accumulated Depreciation

Represents the total depreciation expense charged against an asset over its useful life up to a specific date, reflecting the decrease in value of physical assets.