Strategy Formulation Involves

question 27

Multiple Choice

Strategy formulation involves:

• A) establishing the organisation's mission, vision, strategy, goals and values
• B) conducting a SWOT analysis of the organisation's external and internal environments
• C) developing three levels of strategy-corporate, business and functional
• D) both a and b

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Definitions:

Function Of Money

Refers to the main roles of money in an economy, which include being a medium of exchange, a unit of account, a store of value, and sometimes, a standard of deferred payment.

Functions Of Money

Money serves as a medium of exchange, a measure of value, a standard of deferred payment, and a store of wealth.

President

The elected head of a republican state or the executive leader of an organization, company, club, or other governing body.

New York Fed

A key component of the Federal Reserve System, responsible for regulating and implementing monetary policy in the Federal Reserve District of New York.