There Are a Lot of Companies That Make Decorative Items

question 31

Multiple Choice

There are a lot of companies that make decorative items for the home.Franklin Mint makes decorative gift items that it sells as collectibles.For instance,each decorator plate that is markets is given a number,and only a finite quantity of each plate is manufactured.By use of a(n) ____ strategy,Franklin Mint distinguishes itself from other companies that make decorative items for the home.

• A)related diversification
• B)focus
• C)BCG
• D)diversification
• E)overall cost leadership

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Definitions:

Subgroups

Subgroups are divisions or categories within a larger group, often used in organizing data, accounts, or various organizational structures for more detailed analysis.

Accounting Cycle

the series of steps followed in the accounting process, from the initial recording of transactions to the preparation of financial statements.

Adjusted Trial Balance

A record containing all accounts with their adjusted balances, utilized for the creation of financial statements.

Accounting Cycle

The series of steps followed by an accounting department to collect, process, and report financial transactions each period.