Which of the Following Is an Element of Company Strategy,structure,and

question 265

Multiple Choice

Which of the following is an element of company strategy,structure,and rivalry?

• A)sales of companies in an industry
• B)size of market
• C)number of suppliers
• D)intensity of competition
• E)number of sophisticated consumers

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Definitions:

Cost Drivers

Factors that cause a change in the cost of an activity or production, such as labor hours or machine usage.

Facility-level Costs

Expenses that are not directly tied to a specific product or service but are necessary for the overall operation of a facility.

Overhead Cost

Indirect expenses related to the day-to-day running of a business, such as rent, utilities, and administrative costs.

Batch Level Activities

Activities and costs incurred for a group of products rather than individual units or processes.