Author Question: Generally, companies follow one of two broad strategies: offering a quality product at a low price, ... (Read 74 times)

jake · **on:** Mar 6, 2021

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

kishoreddi · **Reply #1 on:** Mar 6, 2021

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