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Tmp 120 Ucsb Latest Questions With Correct Answers
Important for start ups and established firms - ️️-choose where to compete 
-uses available resources wisely 
-time is critical 
-Increase or decrease risk and value 
Income statement - ️️-measure a businesses profitability 
-what is made and sold in the period 
- profit minus expenses equals net profit 
- Does not tell you when a firm receives cash or how much cash is on hand 
Strategy - ️️Creates a unique sustainable competitive advantage 
Common elements of strategy - ️️1. Lon...
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