In the Military Field, We Generally Make the Following Distinction

question 7

Multiple Choice

In the military field, we generally make the following distinction between strategy and tactics:

• A)tactics are the overall plan whereas strategy focuses on specific actions.
• B)tactics are a scheme of specific everyday actions, practices and techniques whereas strategy relates to the top-level plan.
• C)tactics encompass specific political actions within the firm whereas strategy is the overall plan for deploying resources to establish a favorable position.
• D)tactics are the overall plan whereas strategy is concerned with the maneuvers to win battles.

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Definitions:

Transfer Price

The price charged for goods or services transferred between departments or divisions within the same company as part of the internal sales process.

Opportunity Cost

The sacrifice of possible benefits from other options when selecting a specific one.

Standard Variable Cost

The anticipated cost of variable inputs (like labor and materials) for producing one unit of product or service under standard operating conditions.

Profit Centre

A business unit or department within an organization that is responsible for generating its own revenue and profits, allowing for easier tracking of financial performance.