Functional Strategies

question 9

Multiple Choice

Functional strategies

• A) unify the company's various operating-level strategies.
• B) specify how to build and strengthen the skills,expertise,and competencies needed to execute operating-level strategies successfully.
• C) support and add power to the corporate-level strategy.
• D) add detail to the company's business-level strategy and specify what resources are needed to put the strategy into action.

• E) create the chief elements of the company's strategy map.

---

Definitions:

MRP

The additional revenue a firm earns by employing one more unit of input, assuming other inputs remain constant, often used in the context of labor.

Acres

A unit of land area used in the imperial and US customary systems, equivalent to 4,840 square yards or 43,560 square feet.

Rent

Payment made to use or occupy land, a building, machinery, or other assets for a specified period under a lease agreement.

MRP

An abbreviation for Marginal Revenue Product, which is the additional revenue generated from employing one more unit of a factor, such as labor or capital.