Which of the Following Is Not a Key Component of Strategy

question 19

Multiple Choice

Which of the following is not a key component of strategy included as part of the strategy diamond?

• A) staging
• B) differentiators
• C) evaluation
• D) vehicles

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Definitions:

Uncompensated Cost

Costs that occur when an action has effects, positive or negative, on third parties without those parties being compensated.

Social Cost

The total cost of an activity, including both private costs borne by the producer and external costs suffered by others.

External Costs

Costs incurred by someone who does not participate directly in a transaction or activity, often relating to environmental or societal impacts.

Socially Optimal

A condition or point at which the total benefits to society are maximized, often considered in the context of production or distribution of goods and services.