Which of the Following Best Describes a Strategy Map

question 32

Multiple Choice

Which of the following best describes a strategy map?

• A)A strategy map is a categorized list of a firms strategic objectives,critical success factors (CSFs),and key performance indicators (KPIs).
• B)A strategy map is a collection of all a firm's activity and structure model diagrams.
• C)A strategy map is a visual representation of a firm's current and planned geographic operations and markets.
• D)A strategy map is a one-page representation of a firm's strategic priorities and the cause-and-effect linkages among them.

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Definitions:

E-books

Digital versions of books that can be read on electronic devices such as tablets, e-readers, or computers.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity of that good or service that consumers are willing and able to purchase.

Income Effect

A change in the demand for goods or services attributed to a change in consumers’ income.

Substitution Effect

An economic principle describing how changes in the price of goods lead consumers to replace these goods with cheaper alternatives, affecting the quantity demanded.