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Author Question: Generally, companies follow one of two broad strategies: offering a quality product at a low price, ... (Read 32 times)

jake

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Question 1

Describe the major differences between management accounting and financial accounting for the following:
1. Primary users
2. Focus and emphasis
3. Rules of measurement and reporting

Question 2

Generally, companies follow one of two broad strategies:  offering a quality product at a low price, or offering a unique product or service priced higher than the competition.  Assume you are opening a small food outlet across the street from your campus.  How might that business be operated under each of the two broad strategies?  Consider the following specific operational areas:

a.target customers
b.products offered
c.product pricing
d.location choice
e.advertising content
f.advertising media


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Marked as best answer by jake on Mar 6, 2021

kishoreddi

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jake

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


rleezy04

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Reply 3 on: Yesterday
Excellent

 

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