THE FACT THAT APPLE HAS NO MANUFACTURING FACILITIES OF ITS OWNA) H...

77) - TEST BANK FOR STRATEGIC MANAGEMENT A COMPETITIVE ADVANTAGE APPROACH 14TH EDITION BY DAVID
TEST BANK FOR STRATEGIC MANAGEMENT A COMPETITIVE ADVANTAGE APPROACH 14TH EDITION BY DAVID
77) The fact that Apple has no manufacturing facilities of its ownA) has caused it to build up massive debt on its balance sheet.B) has enabled it to remain financially lean with virtually no long-term debt.C) has been problematic for Apple in terms of debt.D) illustrates that having more fixed assets than rival firms can provide major competitive advantages in a global recession.E) means that it is in the same position as Sony.Answer: BDiff: 2 Page Ref: 8AACSB: Reflective Thinking SkillsObjective: 1.03 Define and give examples of key terms in strategic management.Learning Outcome: Define strategic management and identify its basic concepts