Which Level of Strategy Is Most Likely Not Present in Small

question 40

Multiple Choice

Which level of strategy is most likely not present in small firms?

• A) Company
• B) Functional
• C) Divisional
• D) Operational
• E) All of the above are present in small firms.

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Definitions:

MRP

Marginal Revenue Product, the additional revenue generated from employing one more unit of a factor of production.

Unit of Input

The smallest measure of an input (like labour, materials) used in the production of goods or services.

Complementary Resources

Assets or inputs that are used together with another resource to produce a good or service, enhancing each other's value in the process.

Employment

The condition of having paid work, involving an agreement where someone is paid to perform specific duties.