If a Business Is Following a Focused Strategy, Then Its

question 65

Multiple Choice

If a business is following a focused strategy, then its competitive scope is ________.

• A)broad market
• B)narrow market
• C)broad range products
• D)broad range of services

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Definitions:

Direct Labor

Labor costs that can be directly traced to the production of specific goods or services.

Standard Costs

Predetermined costs for materials, labor, and overhead, used for budgeting and measuring performance.

Hours

A unit of time equivalent to 60 minutes, often used to track time spent on activities or work performed.

Finished Goods Inventory

Inventory of finished goods available for sale.