Barbara's Bangles outsells other jewelry designers in her town because it produces jewelry more efficiently and effectively than its competitors. This demonstrates the company's

A. innovation.
B. competitive advantage.
C. product diversification.
D. empowerment.
E. stratification.


Answer: B

Business

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The FASB and IASB concluded that the most general objective of financial reporting is to

A) provide information useful in the decisions made by external users B) meet the needs of internal users C) provide information about an entity's earnings D) provide information about an entity's cash flows

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Probability samples cannot also be random samples

Indicate whether the statement is true or false

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The importance of direct labor standards and variances has been reduced

Indicate whether the statement is true or false

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Which of the following price adjustment strategies offers a price reduction to buyers who pay their bills promptly?

A) cash discount B) season discount C) quantity discount D) trade discount E) functional discount

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