Which of the Following Statements About Functional Strategies Is Best

question 37

Multiple Choice

Which of the following statements about functional strategies is best?

• A) Functional strategies are not impacted by the mission statement; instead they are impacted by the overall business strategy.
• B) Functional strategies determine the overall business strategy.
• C) Many functional level strategies could readily be described as cross-functional.
• D) A firm's operations and supply chain strategy is more important than their marketing, finance and engineering strategies.

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Definitions:

Merchandise Inventories

Goods that a company holds for the purpose of sale in the ordinary course of business, including finished products, work in progress, and raw materials.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor expenses.

Monthly Expenses

Recurring costs or outlays that occur every month, such as rent, utilities, payroll, and other operational charges.

Master Budget

A comprehensive financial plan that includes both operational and financial budgets, representing a company’s overall plan of action for a future period.