Functional Strategy Is About

question 7

Multiple Choice

Functional Strategy is about:

• A) how to operate
• B) how to plan
• C) how to allocate resources
• D) how to communicate

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Definitions:

Purchases Discounts

Reductions in price offered by suppliers to buyers as an incentive for early payment of their purchase invoices.

Periodic Inventory System

An inventory valuation method where updates to inventory levels are made periodically, typically at the end of an accounting period, rather than after each sale or purchase.

Purchases Discounts

Reductions in price given by suppliers for early payment of invoices.

Freight In

The cost associated with transporting goods into a warehouse, typically considered a part of the inventory cost.