Which Three of the Following Elements Make Up the Exploring

question 19

Multiple Choice

Which three of the following elements make up the Exploring Corporate Strategy model?

• A) Strategic planning
• B) Strategic position
• C) Strategy in action
• D) Strategic choices

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Definitions:

Transfer Price

The price at which divisions of a company transact with each other, used for the transfer of goods and services within an organization.

Market Price

The current price at which an asset or service can be bought or sold in the marketplace, determined by the forces of supply and demand.

Marginal Cost

The financial implication of producing an extra unit of a product or service.

Downstream Division

A segment of a business operation that focuses on the processing, marketing, and selling of finished products to consumers as opposed to raw material processing.