Match the Options Below with the Correct Phrases

question 131

Multiple Choice

Match the options below with the correct phrases:
-resource deployment

• A)a business-level strategy pinpointing a specific market
• B)a plan to maximize competitive advantage by using the proper mix of units and products
• C)includes assessing the environment, analyzing core competencies, and creating goals and plans
• D)a strategy as to how managers will allocate resources
• E)a corporate-level plan to expand and increase to higher levels
• F)a search for pros and cons, opportunities, and threats as well as positives and negatives of an organization
• G)a plan that maps out the destiny for the entire organization
• H)a long-term course of action using planning and decision-making processes
• I)a business-level strategy that attempts to set products or services apart from those of other companies
• J)a business unit with small market shares in an expanding industry

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Definitions:

Equilibrium Wage Rate

The wage rate at which the supply of labor is equal to the demand for labor in the labor market.

Economic Rents

Payments to a factor of production in excess of what is needed to keep that factor in its current use, often due to limited supply or unique attributes.

Wage Rate

The standardized amount of compensation an employee receives from an employer in exchange for their labor, typically expressed per hour or year.

Firefighters

Emergency responders trained to fight fires, conduct rescue operations, and mitigate other Hazards to protect life and property.