OEM Offerings Are Products and Services That Keep a Company

question 43

True/False

OEM offerings are products and services that keep a company functioning.

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Definitions:

Resource Allocation

The process of assigning and managing assets in a manner that supports an organization's strategic goals.

Goal Development

The process of identifying, setting, and planning how to achieve objectives.

Strategic Management

The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.

Strategy Formulation

The process of developing a plan to achieve organizational goals that involve defining the company’s mission, setting objectives, assessing both internal and external environments, and determining strategic choices.