__________ Involves Growth by Acquiring New Businesses or Entering Business

question 36

Multiple Choice

__________ involves growth by acquiring new businesses or entering business areas that are related to what the organisation already does.

• A) Concentration
• B) Vertical integration
• C) Forward integration
• D) Related diversification
• E) Unrelated diversification

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Definitions:

Overhead Applied

The allocation of estimated overhead costs to individual units of production based on a predetermined rate.

Direct Labor Costs

The total cost incurred by a company for the wages of employees who are directly involved in the operational production process.

Materials Requisition

A materials requisition is a document or electronic request used within a company to authorize the transfer of materials from inventory for production or other use.

Production Managers

Professionals responsible for overseeing the production process, ensuring that manufacturing runs smoothly, efficiently, and within budget.