A Strategy Is

question 2

Multiple Choice

A strategy is:

• A)an action plan to maximize rewards in the current period in return for big risks.
• B)a procedure for allocating resources among functions in the organization.
• C)an action plan to achieve specific long-term goals and objectives.
• D)an action plan to achieve specific operational and tactical goals.
• E)a vision of the future of an organization.

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Definitions:

FOB Destination

A shipping term indicating that the seller is responsible for the goods and the cost of transport until they are delivered to the buyer's location.

Prepaid Freight Costs

Expenses paid in advance for the transportation of goods.

Purchases Discount

A reduction in the price paid for goods and services if payment is made within a certain period, often used to encourage early payment.

Cash Discounts

A reduction in the invoice amount by a seller to encourage early payment from the buyer, usually within a specified time frame.