Which of the Following Statements Is True About Firms Pursuing

question 71

Multiple Choice

Which of the following statements is true about firms pursuing a brick-and-mortar business strategy?

• A) These firms avoid indulgence in physical store locations.
• B) These firms avoid indulgence in electronic commerce.
• C) These firms are only involved in export business activities.
• D) These firms indulge in rafter bidding activities.
• E) These firms operate in both physical and virtual arenas.

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Definitions:

Credit Sales

Sales transactions in which the payment is delayed as agreed by both the seller and the buyer.

Cash Collection

The process of gathering all cash payments received from customers, often related to sales or services, improving a company's liquidity.

Budget Slack

The practice of underestimating revenue or overestimating costs while preparing a budget to create a buffer, which can be used to handle unforeseen financial situations.

Planning

The process of setting goals, determining resources needed to achieve those goals, and outlining the steps necessary to accomplish them.