The Text Discusses Three Approaches to Combining Overall Cost Leadership

question 67

Multiple Choice

The text discusses three approaches to combining overall cost leadership and differentiation competitive advantages.Which of the following is not one of these three approaches?

• A) automated and flexible manufacturing systems
• B) exploiting the profit pool concept for competitive advantage
• C) deriving benefits from highly focused and high technology markets
• D) coordinating the extended value chain by way of information technology

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Definitions:

Purchases Journal

A special journal used to record all purchases of merchandise on credit, tracking the accumulation of goods over a period.

Equipment Purchased

The acquisition of physical assets like machinery or technology used in the production of goods or services.

Accounts Receivable Subsidiary Ledger

A detailed ledger that tracks individual customer transactions and balances, complementing the overall accounts receivable account.

Record Sale

To record a sale refers to the process of documenting a sales transaction in the accounting books, acknowledging the exchange of goods or services for payment.