A(n) _____ Strategy Is the Strategy That an Organization Actually

question 87

Multiple Choice

A(n) _____ strategy is the strategy that an organization actually follows.

• A) established
• B) marked
• C) pre-termed
• D) arranged
• E) realized

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Definitions:

Production

The process of creating goods and services through the combination of labor, materials, and technology.

Quantity

The amount or number of a material or immaterial good or service.

Average Fixed Cost

The fixed costs of production (expenses that do not change with the level of output) divided by the quantity of output produced.

Output

The total quantity of goods and services produced by an economy or a firm.