BuyMart Inc

question 109

Multiple Choice

BuyMart Inc.is a large chain of hypermarkets.It has cost benefits due to its extensive operation.The company's marketing and sales, logistics, administrative, and other such related costs get divided between a large number of product units stocked in its stores.This makes it difficult for smaller retail stores and supermarkets to compete against BuyMart's low prices.Thus, BuyMart has a competitive advantage due to its:

• A) superior customer service.
• B) time compression economies.
• C) economies of scale.
• D) learning-curve effects.

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Definitions:

Adjustment Columns

Columns in financial statements or ledgers used to make necessary adjustments for accrual accounting, such as for accrued expenses or revenues.

Trial Balance Columns

These are the two columns in a trial balance where all the debit balances are listed on one side and all the credit balances on the other, helping to ensure that total debits equal total credits.

Formal Financial Statements

Structured reports prepared by a company, usually annually or quarterly, that present its financial performance and position.

Worksheet

A document or file used for organizing and planning finances, calculations, or data analysis, often used in accounting and Excel.