Changes in the External Environment Cause Core Competencies to Become

question 16

True/False

Changes in the external environment cause core competencies to become core rigidities.

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Definitions:

Standard Costing

A cost accounting method that uses standard costs for direct materials, direct labor, and manufacturing overhead to measure performance.

Cost Control

The practice of managing and reducing business expenses through efficient and effective use of resources.

Product Costing

The process of determining the total cost associated with producing a product, including materials, labor, and overhead costs.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including utilities, maintenance, and salaried staff, not directly linked to the production of goods.