Strategic Formation Involves

question 9

Multiple Choice

Strategic formation involves:

• A) Managers organizing their strategizing activities to achieve a successful strategy formation process
• B) Structuring the organization to ensure it supports the strategy
• C) Aligning the strategic control measures to monitor implementation
• D) Gaining the support of stakeholders and shareholders for the proposed strategy

---

Definitions:

Marginal Revenue Product

The additional revenue generated from using one more unit of a resource.

Additional Revenue

The increase in income received from selling one more unit of a product or service.

Additional Unit

The next unit of production, referring to the increase in quantity by one unit.

Marginal Revenue Product

The additional revenue generated from using one more unit of a factor of production, such as labor or capital.