A ________ Strategy Is a Plan of Action to Improve

question 67

Multiple Choice

A ________ strategy is a plan of action to improve the ability of a department to perform its task-specific activities in ways that add value to an organization's goods and services.

• A)corporate-level
• B)competitive
• C)functional-level
• D)business-level
• E)value chain

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Definitions:

Purchasing Power

The value of currency expressed in terms of the amount of goods or services that one unit of money can buy.

Transaction

An exchange between a business and one or more external parties to a business or a measurable internal event such as the use of assets in operations.

Exchange

A marketplace where securities, commodities, derivatives and other financial instruments are traded.

Unearned Revenue

Money received by a company for goods or services that have yet to be delivered or performed.