_____ Is the Set of Decisions and Actions Used to Formulate

question 42

Short Answer

_____ is 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.

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Definitions:

Public Choice Theory

The economic analysis of government decision making, politics, and elections.

Government Decision Making

The process by which officials of a government choose options and take actions affecting the country or a section of its population.

Collective Economics

Practices and principles that focus on the management and optimization of resources for the benefit of a community or group rather than individuals.

Public Choice Theory

A theory that applies economic principles to political science, analyzing how public decisions are made and their impact on society.