TechPark,a Manufacturing Company,was in the Process of Formulating a Strategy

question 36

Multiple Choice

TechPark,a manufacturing company,was in the process of formulating a strategy in an attempt to improve the firm's competitive advantage.The management began by evaluating the resources available within the organization to better understand how the firm should compete.Eventually they decided to offer their products at a lower cost compared to that of their competitors.Identify the strategy used by the management of TechPark.

• A) Corporate-level strategy
• B) Transnational strategy
• C) Business-level strategy
• D) Global strategy

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (or standard) costs based on the predetermined overhead rate.

Month

A unit of time, roughly based on the period of the lunar cycle, used in calendars to divide the year.

Fixed Manufacturing Overhead

The consistent, unchanged costs associated with manufacturing a product or service regardless of the output level.

Work in Process

Refers to materials that are in the process of being transformed into finished goods in a manufacturing environment.