The External Market Opportunities Which Are MOST Relevant to a Company

question 95

Multiple Choice

The external market opportunities which are MOST relevant to a company are the ones that

• A) can increase market share.
• B) are reinforced by the overall business strategy and reflect the business model.
• C) match up well with the firm's competitive assets, offer the best prospects for growth and profitability, and present the most potential for competitive advantage.
• D) qualify to correct its internal weaknesses and resource deficiencies.
• E) are relevant for defending against the external threats to its well-being.

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Definitions:

Perpetual Inventory Method

An inventory accounting system that records the sale or purchase of inventory in real-time through the use of computerized point-of-sale systems and enterprise asset management software.

General Journal Entries

General journal entries are the initial records of financial transactions in the double-entry accounting system, entered in the general journal.

Terms 2/10, N/30

A set of credit terms that offer a discount of 2% if payment is made within 10 days; otherwise, the full invoice amount is due within 30 days.