SynVens, a major retail chain in Hungary, is planning to diversify. It plans to enter the textiles industry and aims to be first or second in market share in this industry in five years. This is an example of a -level plan strategy.

The correct answer is Corporate-level plan.

Explanation:

The corporate strategy is the plan that the organization's management must design at the beginning of each new project to lead the staff, execute the tasks, fulfill the commitments and achieve the established objectives. Simply put, corporate strategy sets the tone and defines the future of any organization. The success of the companies depends on its design, execution and evaluation.

Designing a corporate strategy poses a complex challenge and a huge responsibility that requires the greatest commitment from those in charge of strategic planning. A strategic plan is usually thought of as a tool that will guide the organization's work and development over the next 2 to 5 years.

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total

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