Strategic Goals Are

question 11

Multiple Choice

Strategic goals are

• A)efforts and actions that are focused solely on maintaining competitiveness.
• B)major targets related to the long-term survival, value, and growth of an organization.
• C)efforts and actions that are focused solely on achieving diversification.
• D)patterns of actions and resource allocation designed to solve immediate problems.
• E)narratives that describe a particular set of future conditions to be planned for.

Analyze the conditions for long-run equilibrium in a perfectly competitive market.

Identify the conditions under which firms should enter or exit the industry.

Describe the relationship between price, average total cost, and marginal cost in determining firm profitability.

Understand the dynamics of market supply and demand in the short run and long run.

---

Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for another.

Shipping Charge

A fee imposed by a carrier for the handling and transportation of goods from one location to another.

U.S. Dollars

The official currency of the United States, used as a standard unit of money and backed by the federal government.

Brazilian Real

The official currency of Brazil, symbolized as R$ and subdivided into 100 centavos.