Define Strategy and Business-Level Strategy

question 108

Essay

Define strategy and business-level strategy.What is the difference between these two concepts?

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Definitions:

Net Operating Income

The total profit of a business after operating expenses have been deducted, but before interest and taxes.

Gross Margin

The difference between revenue and cost of goods sold (COGS), which reflects the profitability of a company's core activities excluding overhead costs.

Net Operating Income

The profit a company makes from its regular business operations, excluding deductions of interest and taxes.

Sales

The total income generated from goods or services sold by a company before any costs or expenses are deducted.