In Terms of Ends/means Relationships, Which of the Following Statements

question 30

Multiple Choice

In terms of ends/means relationships, which of the following statements are true?

• A)Action plans are the ends to the means of developing value-adding strategies.
• B)Value-adding strategies are the means for accomplishing the ends of directional, adaptive, market entry, and competitive strategies.
• C)Support strategies are the ends for the means of value-adding strategies.
• D)None of the above statements is true.

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Definitions:

Marginal Cost

The supplementary expenditure arising from the creation of an additional unit of a good or service.

Total Revenue

The entire amount of income generated by the sale of goods or services related to the company's primary operations.

Variable Costs

Costs that vary directly with the level of production, such as materials and labor directly involved in manufacturing.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent or salaries.