A Business-Level Strategy Is a Strategy Designed for a Multi-Business

question 10

True/False

A business-level strategy is a strategy designed for a multi-business company that competes across multiple businesses.

---

Definitions:

Direct Labour Hours

The number of hours worked by employees who are directly involved in the production of goods or services.

Standard Costing Systems

A cost accounting system that estimates the cost of products or services by assigning expected costs for materials, labor, and overhead to the actual production volumes.

Variances

The difference between expected and actual performance, costs, or revenues, often analyzed in budgeting and accounting to manage and improve financial performance.

Direct Labour Costs

Expenses associated with the labor directly involved in the production of goods or services.