Question
What is true of economic profit? a. It recognizes opportunity costs of not using assets optimally. b. It is typically higher than accounting profit. c.
-
What is true of economic profit?
a. It recognizes opportunity costs of not using assets optimally.
b. It is typically higher than accounting profit.
c. It can be read directly off financial statements.
d. It considers only expenditures that a firm pays out.
What is true of economic profit?
| a. | It recognizes opportunity costs of not using assets optimally. | |
| b. | It is typically higher than accounting profit. | |
| c. | It can be read directly off financial statements. | |
| d. | It considers only expenditures that a firm pays out. |
-
What is more an aspect of corporate-level rather than competitive (business-level) strategy?
a. Modifying functional activities to try and improve on existing products and services.
b. Making decisions on prices and features of existing products.
c. Crafting appropriate responses to actions taken by current rivals.
d. Making decisions on which new businesses a firm should get into.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started