During Strategy Implementation, an Organization

question 74

Multiple Choice

During strategy implementation, an organization:

• A)analyzes its strengths and weaknesses.
• B)generates various strategic alternatives.
• C)follows through on the chosen strategy.
• D)defines its mission and goals.
• E)identifies its opportunities and threats.

---

Definitions:

Variable Cost

Costs that vary in direct proportion to changes in levels of production or business activity, such as materials and labor.

Fixed Cost

A cost that does not change with the volume of sales.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and loan payments.

Variable Costs

Costs that vary directly with the level of production or sales, such as materials and labor.