________ Strategy Is a Plan to Use and Combine an Organization's

question 12

Multiple Choice

________ strategy is a plan to use and combine an organization's functional core competences to position it so it has a competitive advantage in its domain or segment of its industry.

• A) Functional-level
• B) Corporate-level
• C) Business-level
• D) Environmental-level

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Definitions:

Currently Attainable Standards

Benchmarks or goals that can be achieved under current operating conditions and capabilities, used for measuring performance and improvement.

Production Difficulties

Challenges encountered during the manufacturing or production process that can lead to delays, increased costs, or reduced quality of the finished product.

Direct Labor Standard

A benchmark for the amount of labor directly involved in producing a unit of output, used for budgeting and measuring efficiency.

Standard Cost Systems

Accounting systems that use standards for each element of manufacturing cost entering into the finished product.