Nokia and Apple Are Open to New Ideas,relentlessly Pursue New

question 103

Multiple Choice

Nokia and Apple are open to new ideas,relentlessly pursue new solutions,and work to get new products to market quickly.They serve customers who want state-of-the-art products and services,regardless of the costs in terms of price or inconvenience.These companies are offering what value discipline?

• A) Operational excellence
• B) Customer intimacy
• C) Product leadership
• D) Promotional innovation
• E) Differentiation

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Definitions:

Owner's Drawings

Funds taken out of a business by the owner in a sole proprietorship or partnership for individual purposes.

Capital Account

An account showing the net worth of a business at a specific point in time, comprised of the owner's equity, investments, and retained earnings.

Correcting Entry

A journal entry made to amend a previously recorded incorrect transaction in the financial records.

Accounts Receivable

Refers to the money owed to a company by its customers for goods or services sold on credit.