Two Analytical Tools Useful in Determining Whether a Company's Prices

question 39

Multiple Choice

Two analytical tools useful in determining whether a company's prices and costs are competitive are

• A)SWOT analysis and key success factor analysis.
• B)SWOT analysis and benchmarking.
• C)value chain analysis and benchmarking.
• D)competitive position assessment and competitive strength assessment.
• E)driving forces analysis and SWOT analysis.

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Definitions:

Supplies Expense

Costs associated with the consumable items used during a company's operations over an accounting period.

Journalized

The process of recording transactions in a company's journal as part of the accounting system.

Adjusted Trial Balance

A listing of all company accounts that will appear in the financial statements after adjusting entries have been made, verifying the equality of debits and credits.

Error Detection

The process of identifying inaccuracies, inconsistencies, or mistakes in financial information or accounting records.