Functional Area Strategies

question 33

Multiple Choice

Functional area strategies

• A)are concerned with how to unify the firm's several different operating strategies into a cohesive whole.
• 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)concern the actions,approaches,and practices to be employed in managing particular functions within a business.
• E)are normally crafted by operating-level managers.

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Definitions:

Consumer Price Index

A gauge that calculates the mean variation in time of the prices urban consumers pay for a selection of consumer products and services.

Real Rate of Return

The annual percentage return realized on an investment, adjusted for changes in price due to inflation or other external effects.

Portfolio Value

The total worth of all the financial investments held by an individual or institution.

Compounded Quarterly

This refers to the process of applying interest to an initial amount of money (principal) four times a year, at the end of each quarter.