Examlex
Which one of the following terms describes the body's ability to detect and respond to changes in the internal or external environment?
Business Planning Process
A formal strategy to set goals, determine the resources needed to achieve these goals, and outline the plan for executing the activities.
Budgets
Estimates of income and expenditure for a set period of time, serving as a financial plan for individuals or organizations.
Managerial Value
The value or impact that effective managerial decisions have on the overall success and valuation of a company.
Planning Process
A systematic series of steps taken by organizations or individuals to achieve desired goals.
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