Independence Electronics Prides Itself as a World-Class Producer of Components

question 120

Multiple Choice

Independence Electronics prides itself as a world-class producer of components used in CD and DVD players. The outstanding performance of the production department indicates that this activity is one of the firm's:

• A) fiscal responsibilities.
• B) core competencies.
• C) benchmark assets.
• D) target competitive advantages.

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Definitions:

Senior Management

The highest level of executives who are responsible for the strategic direction and decisions of an organization.

Being Acquired

The process in which a company is purchased by another company, resulting in the acquired company possibly becoming a subsidiary of the acquiring company.

Acquisition

The act of acquiring control of another corporation or its assets through purchase or stock exchange.

Outstanding Stock

Shares of a corporation that have been issued and are held by investors, including public shareholders and company insiders.