Strategies Focusing on Market Development,product Development,innovation,or Joint Ventures Make Up

question 75

Multiple Choice

Strategies focusing on market development,product development,innovation,or joint ventures make up the ________ strategy of an organization.

• A)retrenchment
• B)internal growth
• C)divestment
• D)liquidation
• E)benchmarking

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Definitions:

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units they represent.

Equivalent Units

A concept in cost accounting used to apportion costs to partially completed goods, expressed in terms of fully completed units.

Direct Labor

The payment for labor of employees directly involved in the generation of goods or the provision of services.

Equivalent Units

A concept used in cost accounting to convert the amount of work done on partially complete goods into a number of fully complete units.