Which of the Following Is Not One of the Methods

question 61

Multiple Choice

Which of the following is not one of the methods companies can use to enhance their competitive position via innovativeness?

• A) fostering creativity and experimentation
• B) investing in new technology, R&D, and continuous improvement
• C) copying the business practices or techniques of successful competitors
• D) departing from existing technologies to develop products and practices that go beyond the current state of the art

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Definitions:

Sales On Account

Transactions where goods or services are delivered but payment is delayed, creating an account receivable on the balance sheet.

Average Sale Period

The average sale period is a financial metric indicating the average time taken to convert inventory into sales, also known as the inventory turnover period.

Balance Sheet

An accounting document that outlines a business's resources, debts, and stakeholders' equity at a designated time.

Sales On Account

Sales made on credit, where the buyer is allowed to pay at a later date.