The Purpose Of_____________ Strategies Is to Choose an Industry-Level Strategy

question 1

Multiple Choice

The purpose of_____________ strategies is to choose an industry-level strategy that is best suited to changes in the organization's external environment.

• A) positioning
• B) differentiation
• C) growth
• D) adaptive
• E) diversification

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Definitions:

Payroll Tax

Taxes that are imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

FICA Taxes

Taxes mandated by the Federal Insurance Contributions Act, which fund Social Security and Medicare, split between employers and employees.

Federal Income Taxes

Charges imposed by the national government on the yearly income of persons, businesses, trusts, and other legal bodies.

Payroll Tax Expense

Taxes that employers are required to pay on behalf of their employees, including contributions to social security, healthcare, and unemployment insurance.