Which of the Following Is a Useful Tool That Conceptualizes

question 45

Multiple Choice

Which of the following is a useful tool that conceptualizes how all the aspects of a firm's implementation of its strategy fit together, and that breaks the firm's activities into primary activities and support activities?

• A) Resource analysis
• B) Core competency analysis
• C) Strategic group analysis
• D) Value-chain analysis

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Definitions:

Budgeting

A process of creating a plan to spend your money, allowing you to determine in advance whether you will have enough money to do the things you need or want to do.

Activity Variance

The difference between the expected cost of an activity and its actual cost, often used in budgeting and cost management to analyze performance.

Administrative Expenses

Costs associated with the general operation of a company, which do not directly relate to the production or selling of goods or services.

Budgeting

The process of creating a plan to spend your money, outlining projected income versus expenses.