Businesses who have several bank accounts, petty cash, and cash on hand, would maintain a separate ledger account for each type of cash

Decentralization can help foster participative management practices

Indicate whether the statement is true or false

Chris Smith owns a store that sells all-terrain vehicles (ATVs)

In the past, Chris just sold one version of each of the ATVs he sold in his showroom, but to increase sales, Chris now sells a low-end, a medium-priced, and a high-end version of each of the ATVs he sells. Chris's new strategy is called a(n) ________ strategy. A) improving an existing product or service B) market penetration C) product line extension D) geographic expansion E) joint venture