A Future Direction Which Enables the Focusing of an Organisation's

question 5

Multiple Choice

A future direction which enables the focusing of an organisation's resources and decision making around a common theme, is a definition of:

• A) budgeting
• B) control
• C) planning
• D) strategy

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Definitions:

Consumer Income

The total earnings of an individual or household that can be used for saving or spending on goods and services after taxes and other deductions.

Price of A

The amount of money required to purchase a specific good or service, denoted as "A".

Price of B

The monetary value or cost assigned to a good or service denoted as "B."

Ratio of Prices

The comparative value of two or more goods or services, expressed as a quotient showing the cost relationship.