The Collection of Businesses and Products That Make Up a Company

question 93

Multiple Choice

The collection of businesses and products that make up a company is called its ________.

• A) strategic business unit
• B) supply chain
• C) strategic plan
• D) business portfolio
• E) internal value chain

Grasp the principles of target costing and its role in setting selling prices.

Identify the impact of production outsourcing on product cost reduction.

Understand the elasticity of demand and its influence on pricing decisions.

Understand the various selection techniques and their application in organizational settings.

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Definitions:

Consideration

A fundamental component in contract law that involves something of value exchanged between parties, making the agreement legally binding.

Enforceability

The degree to which a legal agreement or contract can be upheld and compelled by a court.

Goods-in-bailment

Items that are temporarily entrusted to another party for care, custody, or service, without transferring ownership.

Negotiable Document

A written instrument, such as a check or bill of lading, that promises payment or delivery and can be transferred to another party.