Which of the Following Business Strategies Would NOT Be Consistent

question 33

Multiple Choice

Which of the following business strategies would NOT be consistent with a price setter?

• A) Enter a competitive market and focus on cost cutting
• B) Produce a unique product
• C) Exploit the value of a fashionable brand name
• D) Differentiate the product clearly from the competitors

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Definitions:

IFRS

International Financial Reporting Standards represent worldwide accounting norms that facilitate the creation of financial statements.

GAAP

Generally Accepted Accounting Principles, a set of rules and standards used for financial reporting and accounting.

Principles-based

An approach that bases decisions on general principles or values rather than specific rules.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that are becoming the global standard for the preparation of public company financial statements.