Asked by Alessandro Godina on Apr 25, 2024
Verified
Differences in the business strategies companies adopt give rise to economic differences that are reflected as differences in asset utilization only.
Business Strategies
Plans of action aimed at achieving specific organizational goals and competitive advantage.
Economic Differences
Variations in economic conditions among regions or countries, affecting factors like inflation, currency strength, and purchasing power.
Asset Utilization
A metric that measures how efficiently a company uses its assets to generate revenue or achieve its business goals.
- Analyze different business strategies through economic differences reflected in asset utilization and profitability.
Verified Answer
JK
Johnmark Kiruki7 days ago
Final Answer :
False
Explanation :
Differences in business strategies can lead to differences in various economic factors such as revenues, profits, market share, customer base, brand value, competitive advantage, and more, not just asset utilization.
Learning Objectives
- Analyze different business strategies through economic differences reflected in asset utilization and profitability.