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Figure 11-5
-Refer to Figure 11-5. Assume that the economy is at point b. A decrease in the money supply would cause
Overall Strategies
Comprehensive approaches taken by businesses to achieve their long-term objectives and ensure growth.
Tactical Planning
Implementing the activities specified by strategic plans.
Hurricane
A type of tropical cyclone characterized by low-pressure centers, strong winds, and heavy rain, capable of causing significant weather-related disasters.
Contingency Plan
A contingency plan is a proactive strategy or protocol designed to be implemented in response to potential unforeseen events or emergencies.
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