The Mayo clinic is an example of the _________ strategy that involves achieving a competitive edge by delivering a superior product and/or service to a limited audience.

A) focused differentiation
B) cost focus
C) differentiation
D) cost leadership
E) economies of scale

Sparks Corporation has a cash balance of $18,000 on April 1. The company must maintain a minimum cash balance of $10,000. During April, expected cash receipts are $98,000. Cash disbursements during the month are expected to total $112,000. Ignoring interest payments, during April the company will need to borrow:

A) $8,000
B) $2,000
C) $6,000
D) $4,000