Strategy Is Not Static, but Dynamic Because of Changes in the __________

question 2

Short Answer

Strategy is not static, but dynamic because of changes in the __________ and __________.

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Definitions:

Direct Labor

Wages or costs directly associated with workers who are involved in the production of goods or services.

Continuous Process

A manufacturing or production process that operates without interruption, typically in industries where the product is produced in a flow rather than discrete units.

Applied Overhead

The portion of manufacturing overhead costs allocated to individual units of production based on a predetermined rate.

Direct Labor

Direct labor refers to the wages and other costs for labor that is directly involved in the production of goods, such as assembly line workers.