Which of the Following Is Not True About Functional Strategies

question 20

Multiple Choice

Which of the following is not true about functional strategies?

• A)They should be considered before the business strategy is formulated.
• B)The support the implementation of the business strategy.
• C)They should be formulated after the business strategy but before the corporate strategy.
• D)All of the above are true.

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Definitions:

Marginal Cost

The additional expense incurred when one more unit of a product or service is created.

Average Total Cost

The total cost divided by the quantity of output produced, representing the per-unit cost of production.

Economic Losses

Financial losses incurred by businesses or the economy as a whole, often as a result of unfavorable market conditions.