Money serves as a good store of value except when an economy experiences a period of INFLATION.
broad differentiation, focused strategy, and broad cost leadership are the three Generic business strategies Porter identified for entering a new market.
<h3>
What are Generic business strategies?</h3>
A Generic business-level strategy is a broad approach to a company's positioning within a sector. Executives can concentrate on the essential components of business-level plans by focusing on generic strategies. The most widely used set of generic strategies is derived from the work of Harvard Business School Professor Michael Porter.
The foundation of any business-level strategy, in Porter's opinion, is two competitive dimensions. The first factor is the source of competitive advantage for a company. This factor examines whether a company seeks to outperform competitors by cutting costs or by providing a niche product.
The range of a company's operations is the second factor. This aspect pertains to whether a company tries to target clients generally or whether it only aims to draw in a certain customer demographic.
These choices lead to the following four general business-level strategies:
- Broad cost leadership,
- Broad differentiation,
- Focused cost leadership,
- Focused differentiation.
To know more about Generic business strategies refer to: brainly.com/question/27403764
#SPJ4
Answer:
a. Services performed but unbilled totals $600.
- Accrued revenue
- Accounts receivable was understated before the adjustment
b. Store supplies of $160 are on hand. The supplies account shows a $1,900 balance.
- Accrued expense
- Supplies was overstated before the adjustment
c. Utility expenses of $275 are unpaid.
- Accrued expense
- Utilities expense was understated before the adjustment
d. Service performed of $490 collected in advance.
- Unearned revenue
- Revenue was overstated before the adjustment
e. Salaries of $620 are unpaid.
- Accrued expense
- Wages expense was understated before the adjustment
f. Prepaid insurance totaling $400 has expired.
- Prepaid expense
- Insurance expense was understated
