The Strategy-Making Process Begins With

question 60

Multiple Choice

The strategy-making process begins with:

• A)the assessment of the need for strategic change.
• B)a situation analysis.
• C)the finalization of strategic alternatives.
• D)the evaluation of alternatives.
• E)satisficing.

---

Definitions:

Investment Spending

Expenditures on capital goods that will be used for future production.

Aggregate-Demand Curve

A graphical representation that shows the total amount of goods and services demanded across all levels of the economy at different price levels.

Investment Spending

Expenditures on capital goods by firms and governments that are intended to increase productive capacity in the future.

Economic Uncertainty

Economic uncertainty involves unpredictable changes in the economic environment that can affect decision making, investments, and economic outcomes.