A Business with a Cost Strategy Will Add Cost to an Activity

question 18

True/False

A business with a cost strategy will add cost to an activity only as long as the activity has a positive margin.

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Definitions:

Competitive Scopes

The range or domain in which a company chooses to compete, based on factors like geography, product range, and market segment.

Action Plans

Detailed strategies outlining the steps necessary to achieve a particular goal or objective.

HRM Practices

Refers to the methodologies, strategies, and processes that a Human Resource department utilizes in managing the workforce.

Organizational Goals

Objectives that an organization aims to achieve, which guide its operations, planning, and the allocation of resources.