In all cases when FIFO is used, the cost of goods sold would be the same whether a perpetual or periodic system is used.

The market leader normally gains the most when ________

A) its total market diminishes B) it achieves expanded market share C) its personal communication channels expand D) the niche marketing efforts by other firms expand E) the major global competitors enter the market

Foreign firms are expanding aggressively into new international markets, and home markets are no longer as rich in opportunity

Indicate whether the statement is true or false