Which of the Following Statements Is True of a Strategic

question 102

Multiple Choice

Which of the following statements is true of a strategic enabler?

• A)It enables research and innovation in an organization.
• B)It reduces expenses in the day-to-day operations of a business.
• C)It transforms a business or helps build a new business model.
• D)It differentiates a product or services from a competitor's offerings.

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Definitions:

Product Costs

Costs that are incurred to create a product that includes direct materials, direct labor, and manufacturing overhead.

Period Costs

Expenses that are not directly tied to the production process and are expensed in the period they are incurred.

Variable Cost

Expenses that change in proportion to the activity of a business such as costs of goods sold, raw materials, and labor expenses.

Fixed Manufacturing Cost

Costs that remain constant regardless of the level of production, such as rent, salaries, and maintenance expenses.