The Three Generic Competitive Strategies Are

question 32

Multiple Choice

The three generic competitive strategies are:

• A)​profit-based,nonprofits,and free services
• B)​cost leadership,differentiation,and focus
• C)​manufacturing,service,and retail
• D)​mass-production,make-to-order,and services

Differentiate between the equity method and the cost method of accounting for long-term investments.

Identify the presentation and effects of consolidated financial statements.

Recognize how cash dividends received are accounted for under the equity method.

Comprehend the accounting for long-term investments using the cost method.

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Definitions:

Investment Projects

Initiatives or activities undertaken to allocate resources in the expectation of future benefits or returns.

Loanable Funds

The total supply of money available for borrowing or spending in the economy, including savings and investments.

Medicare

A federal health insurance program in the United States for people aged 65 and older, and for some younger people with disabilities.

Loanable Funds

The funds available for borrowing in the financial markets, determined by the savings of households and institutions.