32 describe management accounting and financial accounting 33 generally companies fo 4315232

32) Describe management accounting and financial accounting.

33) 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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