Which of the Following Terms Is Correctly Paired with Its

question 94

Multiple Choice

Which of the following terms is correctly paired with its description?

• A)Critical success factors (CSFs): strategic factors that a company requires to compete in a given industry
• B)Core competencies: factors that identify the firm as belonging to an industry
• C)Business strategy: strategy that governs mergers and acquisitions
• D)Corporate strategy: strategy that governs day-to-day operations

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Definitions:

Single-Period Model

is a decision-making tool used in inventory management, assuming demand is uncertain and there is only one opportunity to order stock for a particular period.

EOQ

Economic Order Quantity; a formula used in inventory management to determine the ideal order size that minimizes total inventory holding costs and ordering costs.

Inventory Value

The total cost or market value of all the goods and materials held by a company as part of its inventory at a specific point in time.

Service Level

A measure of the quality of a service provided, often defined by the percentage of customer demand met without delay.