How should managers assess changes in their firm's competitive position in their industries during a period of unusual economic growth?
A. Compare the firm's financial ratios over the most recent one-year period.
B. Compare the financial ratios of firms in the company's strategic group.
C. Compare the firm's financial ratios with ratios of firms in other strategic groups in the industry.
D. Compare the financial ratios of all firms in the country's industry-some of whom serve very diverse market segments and have specialized accordingly.
Answer: B
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A balance sheet shows cash, $75,000; marketable securities, $115,000; accounts receivable, $150,000 and $222,500 of inventories. Current liabilities are $225,000 . The current ratio is 2.5 to 1
a. True b. False Indicate whether the statement is true or false
When making claims or requesting adjustments, what should be included in the opening?
A) An apology for the inconvenience caused B) A straightforward statement of the problem C) A neutral buffer statement D) An expression of your anger and frustration E) A complete and specific explanation of the details of the problem
Answer the following statements true (T) or false (F)
1. Because amounts owed for products or services on account are typically due in 60 days, they are current liabilities. 2. Sales Tax Payable is usually calculated as a percentage of the amount of the sale. 3. Sales tax is an expense of the business. 4. Unearned revenues are current liabilities until they are earned. 5. Unearned revenue arises because the business receives goods or services before payment has been made.
FOB shipping point means that the seller incurs the shipping costs
Indicate whether the statement is true or false