Match the Options Below with the Correct Phrases

question 29

Multiple Choice

Match the options below with the correct phrases:
-strategy formulation

• 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:

Direct Labor-Hours

The total hours of work attributable directly to the production of goods, often used as a basis for assigning labor costs to units of product.

Predetermined Overhead Rate

A rate used to apply manufacturing overhead to products or job orders, calculated by dividing estimated overhead costs by an allocation base like direct labor hours.

Machine-Hours

The total hours that machines are operated in the production process, used as a basis for allocating manufacturing overhead to products.

Cost Of Goods Sold

The total cost directly involved in producing goods or services sold during a specific period.