In Considering the Competition's Profile,a Firm Would NOT Be Concerned

question 47

Multiple Choice

In considering the competition's profile,a firm would NOT be concerned with which of the following?

• A) Market share and breadth of product line
• B) Facility location and production capacity
• C) Financial position and caliber of personnel
• D) Salary of the chief executive and board of directors

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Definitions:

Inventory

The total amount of goods a company has in stock, including raw materials, work-in-process, and finished goods.

Variable Costs

Expenses that change in proportion to the activity of a business, such as materials and labor costs.

Relevant Costs

Costs that will be affected by a decision in a particular situation, excluding sunk costs and costs that do not differ between alternatives.

Unprofitable Product Lines

Product categories or items that do not generate a profit and may result in a financial loss for the company.