Which of the following competitive strategies does Apple Computer use?

Dogwood, Inc. earned revenues of $11,000 and incurred expenses of $7,500. The company declared and paid cash dividends of $2,000. What is the balance in the Income Summary account prior to closing net income or loss to the Retained Earnings account?

A) debit balance of $3,500 B) debit balance of $1,500 C) credit balance of $3,500 D) credit balance of $11,000

In a ________ defense strategy, the market leader can meet the attacker frontally and hit its flank or launch a pincer movement so that the attacker is forced to pull back to defend itself

A) position B) counteroffensive C) preemptive D) contraction E) flank