Which of the Following Strategic Management Concepts Consists of a Company's

question 64

Multiple Choice

Which of the following strategic management concepts consists of a company's mission and a picture of what the firm hopes to become in the future?

• A) vision
• B) core competence
• C) strengths
• D) strategy

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Definitions:

Fiscal Year

Budget year. U.S. federal budget fiscal year begins on October 1.

Automatic Stabilizers

Economic policies and programs, like unemployment benefits and progressive taxation, that automatically help stabilize economic fluctuations without direct governmental intervention.

Economic Recovery

A period of increasing business activity signaling the end of a recession, marked by a rise in GDP, employment, and consumer spending.

Transfer Payments

These are payments made by the government to individuals or other entities without expecting any goods or services in return, such as social security benefits or unemployment compensation.