Strategy Is a Coherent Plan of Action, Articulated in ________

question 43

Short Answer

Strategy is a coherent plan of action, articulated in ________ and ___________.

---

Definitions:

Cost Elements

The various types of expenses that contribute to the total cost of a product or service, including materials, labor, and overhead.

Leverage Items

Products or services critical to an organization's operations that can be used as a bargaining tool in negotiations.

Standard Specification

A detailed document that describes the essential technical requirements for purchased materials, products, or services.

Supplier Technology

The technical capabilities and innovations offered by a supplier that can impact the quality, delivery, and cost of their products or services.