Strategic Planning Is the Process of Envisioning the Organization's Future

question 33

True/False

Strategic planning is the process of envisioning the organization's future and developing the necessary goals,objectives,and action plans to achieve that future.

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Definitions:

Industry Output

The total production of goods and services by all firms in a specific industry over a given period.

Market Supply Curve

A graph showing the total quantity of a good that producers are willing to sell at different prices.

Easy Entry

A characteristic of market structures where new competitors can easily enter the market without significant barriers or cost.

Constant-Cost Industry

An industry in which the costs of production, including input prices, do not change as the industry's output changes.