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The Term Used in Strategy Implementation That Describes a System

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The term used in strategy implementation that describes a system of sequential steps or techniques that describe in detail how a particular task or job is to be done is


Definitions:

Efficiency

The extent to which time or effort is well used for the intended task or purpose, often with the minimum amount of waste, expense, or unnecessary effort.

Equality

An existence of equality, notably in areas of status, rights, and opportunities.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choice.

Ticket Price

The cost charged for admission to an event or access to a service.

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