Developing a Strategy That Capitalizes on Both Internal Strengths and External

question 30

Multiple Choice

Developing a strategy that capitalizes on both internal strengths and external opportunities identified in a TOWS matrix is an example of a:

• A)Maxi-maxi strategy.
• B)Maxi-mini strategy.
• C)Mini-mini strategy.
• D)Mini-maxi strategy.

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Definitions:

Machine-Hours

Machine-Hours are a measure of the actual running time that a machine or group of machines operates during a given period.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, rent, and salaries for support staff.

Departmental Predetermined Overhead Rates

Rates calculated to allocate overhead costs to products or services, based on department-specific activities and cost drivers.

Machine-Hours

An accounting term that indicates the total number of hours a machine is used during a specific period for manufacturing purposes.