Strategic Offensives Should, as a General Rule, Be Based on

question 55

Multiple Choice

Strategic offensives should, as a general rule, be based on

• A)exploiting a company's strongest competitive assets-its most valuable resources and capabilities.
• B)instigating and executing the chosen strategy efficiently and effectively.
• C)scoping and scaling an organization's internal and external situation.
• D)molding an organization's character and identity.
• E)satisfying the buyer's needs that the company seeks to meet.

Understand the measurement principles of inventories according to AASB 102/IAS 2 including the lower of cost and net realisable value.

Comprehend the terms and implications of trade discounts on inventory transactions.

Identify and apply appropriate inventory costing methods to various inventory types.

Recognize the inclusion and exclusion of certain costs in the cost of inventories.

---

Definitions:

Industrialization

denotes the process of transforming economies from primarily agricultural to predominantly manufacturing and industrial in nature.

Primary Forces

Fundamental or principal forces driving changes or developments in various fields, such as technology, society, or economics.

Development of Cities

The process by which towns and cities are formed and become larger as more and more people begin living and working in central areas.

Demography

The statistical study of human populations, including their size, growth, density, distribution, and vital statistics.