Which of the Following Statements Is TRUE

Multiple Choice

Which of the following statements is TRUE?

A) Businesses must follow GAAP for managerial accounting reports.
B) Measuring and controlling costs is only necessary for businesses who focus on low cost.
C) Businesses who choose a product differentiation strategy to achieve competitive advantage focus on research, and development not managerial accounting.
D) Businesses create value by combining and converting resources into goods or services that customers want at either a lower cost or better quality than competitors.