Which of the Following Is Not an Element of a Company's

question 32

Multiple Choice

Which of the following is not an element of a company's business strategy?

• A) actions to respond to changing market conditions or other external factors
• B) actions to strengthen competitiveness via strategic alliances and collaborative partnerships
• C) actions to strengthen internal capabilities and competitively valuable resources
• D) actions to manage the functional areas of the business
• E) actions to revise the company's financial and strategic performance targets

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Definitions:

Volume Based Cost Drivers

Factors that cause the costs of an activity to increase or decrease with changes in the volume of production or services provided.

Labour Intensive

A process or industry that requires a large amount of manual labor relative to capital or machine usage.

Cost Driver

A factor that causes a change in the cost of an activity, directly affecting the cost of production or operations.

Cost Pool

A grouping of individual costs typically by department or service, from which cost allocations are made to products or services.