Business Strategy Is Linked with the Following Concepts or Attributes

question 52

Multiple Choice

Business strategy is linked with the following concepts or attributes:

• A)Organizational goal, organizational resources, and consistency and integration
• B)Organizational goal, organizational structure, and consistency and cohesiveness
• C)Organizational structure, consistency and integration, and organizational resources
• D)Organizational culture, organizational resources, and consistency and cohesiveness

Understand the significance of performance standards and their relationship with variances.

Describe the characteristics of effective controls in organizations.

Grasp the concept of cost-effectiveness in control mechanisms.

Understand the necessity of flexibility in organizational controls.

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Definitions:

Unplanned Business District

A type of retail location where two or more stores are situated together or in close proximity.

Close Proximity

Describing a short distance or a situation where objects or individuals are near each other.

Omnichannel Retailing

The retailing practice of integrating customer experiences across the physical and online channels.

Brick-and-mortar

Refers to physical stores or businesses that have a tangible presence in the form of buildings or other structures as opposed to online or virtual spaces.