The Method by Which an Organization Attempts to Achieve Its

question 21

Multiple Choice

The method by which an organization attempts to achieve its mission and objectives is called:

• A)competitive mission.
• B)competitive strategy.
• C)organizational mission.
• D)organizational objective.

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Definitions:

Allocation

The process of distributing resources or assigning tasks among people, projects, or various components of an organization.

Scarce Means

The limited resources available to meet unlimited wants and needs in an economy, necessitating choices and priorities.

Production

The process of creating goods and services.

Human Wants

The desires and needs of individuals or society that drive demand for products, services, and resources.