The Set of Decisions and Actions Used to Formulate and Implement

question 6

Multiple Choice

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as:

• A) strategy formulation.
• B) strategic planning.
• C) strategic management.
• D) strategy implementation.
• E) strategy evaluation.

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Definitions:

Freight

The transportation of goods, cargo, or commodities by land, sea, or air.

Net Proceeds

The amount of money remaining after all deductions, like expenses and taxes, are subtracted from the gross proceeds.

Weekly Salary

The total amount of money earned by an employee for work performed in a week.

Commission

A fee paid for services, usually a percentage of the total cost, to a person or company for conducting a transaction or service.