Which of the Following Is Not an Element of a Company's

question 28

Multiple Choice

Which of the following is not an element of a company's business strategy?

• A)Actions to respond to changing market conditions or other external factors
• B)Actions to strengthen competitiveness via strategic alliances and collaborative partnerships
• C)Actions to strengthen internal capabilities and competitively valuable resources
• D)Actions to manage the functional areas of the business
• E)Actions to revise the company's financial and strategic performance targets

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Definitions:

Inventory

Items of value held by a company for the purpose of sale or production, including raw materials, work-in-progress, and finished goods.

Lost Sales

Revenue that a company could have earned but didn't because of not having enough stock, closing an order, or other reasons.

Merchandise Inventory

Refers to the goods a company holds for the purpose of selling them to customers. It is considered a current asset on the balance sheet.

Budgeted Cost

This refers to the predicted costs of goods, services, projects, or operations that are planned for a future period.