T & R Autos Inc

question 95

Multiple Choice

T & R Autos Inc.is a large conglomerate that operates in 12 different countries.The corporate executives at the headquarters have decided that the company's objective for the next two years will be to increase its customer equity.Based on this guideline received from the top management team,the product leader of the home appliances division has decided to adopt a cost-leadership strategy in all his 12 units.Thus,the decision made by the product leader best illustrates a _______ strategy.

• A) corporate
• B) functional
• C) grand
• D) business

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Definitions:

Indirect Quote

A way of expressing the foreign exchange rate as the amount of foreign currency required to buy or sell one unit of the domestic currency.

Consolidated Statements

Financial documents that combine the accounting records of a parent company with its subsidiaries, offering a comprehensive view of the corporate group’s financial status.

Future Date

A specific date that lies in the future, often mentioned in the context of contracts or financial agreements specifying when actions must be taken.

U.S. Dollars

The official currency of the United States, widely used for domestic and international transactions alike, serving as a major global reserve currency.