For each of the following accounts used by a retail business, determine its classification: asset, contra-asset, liability, revenue, contra-revenue, or expense.

a. sales discounts
b. freight-out
c. accumulated depreciation

Classification for each of the following account is given below.

a. Sales Discounts - Sales discount is classified as contra revenue account.  These type of accounts has debit balance.

b. Freight-Out - It is an expense account. These type of accounts has debit balance.

c. Accumulated Depreciation - This can be classified as contra depreciation account. This account has credit balance.

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;