The Developer Will Face a Variety of Costs Throughout the Project's

question 29

Multiple Choice

The developer will face a variety of costs throughout the project's life. Which of the following would be classified as a soft cost?

• A) Legal fees of the permitting process
• B) Costs of materials
• C) Labor cost of subcontractors for construction
• D) Cost of land

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Definitions:

Business Strategy

A plan of action designed to achieve a long-term or overall aim in the competitive business environment.

Functional Strategy

A strategy developed and implemented by an organizational unit (like Marketing or HR) to support the overall corporate strategy.

Competitive Strategy

The plan that a company follows to differentiate itself from competitors, aiming to achieve a competitive advantage.

Corporate Strategy

The overall plan and direction of a company, focusing on achieving long-term objectives and competitive advantage.