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A series of independent company operations are provided below: La Qunita Corporation manufactures corrugated cardboard boxes. It competes and plans to grow by selling high-quality
A series of independent company operations are provided below: La Qunita Corporation manufactures corrugated cardboard boxes. It competes and plans to grow by selling high-quality boxes at a low price and by delivering them to customers quickly after receiving customers' orders. There are many other manufactures who produce similar boxes. La Qunita believes that continuously improving its manufacturing processes to improve productivity and efficiency is critical to implementing its strategy. Snyder Corporation is a small information systems consulting firm that specializes in helping companies implement sales-management software. The market for Snyder's products is very competitive. To compete, Snyder must deliver quality service at a low cost. Snyder bills clients in terms of units of work performed, which depends on the size and complexity of the sales-management system. Riviera is a chain of restaurants specialising in contemporary French cuisine. Its aim is to provide customers with a comfortable dining environment while providing the best customer service. Being situated primarily in the suburbs, Riviera has proven to be very popular due to its convenient locations. REQUIRED: A. For each company, state whether the company is following a low cost or differentiation strategy and explain why. B. For each company, identify at least two pieces of management accounting information that can be provided to assist the company in pursuing its strategy identified above
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