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During the Planning Process, If There Is a Gap Between

question 20

Essay

During the planning process, if there is a gap between future desired sales and projected sales, corporate management will need to develop or acquire new businesses to fill it. Identify and describe the three strategies that can be used to fill the strategic gap.


Definitions:

Curve Shifts

Movements of a demand or supply curve to the left or right, indicating a change in the quantity demanded or supplied at every price.

Positive Correlation

A relationship between two variables in which both variables move in the same direction, meaning as one variable increases, the other does as well.

Same Direction

Indicates movement or trend in parallel or consistent alignment with another.

Model Depicted

A representation of a system or phenomenon used to predict or explain real-world behavior.

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