The _____ Is the Basis for the Strategic Level of Goals

question 18

Multiple Choice

The _____ is the basis for the strategic level of goals and plans which in turn shapes the _____, and _____ level.

• A) goal; mission, tactical
• B) objective; operational, mission
• C) operational goal; mission and tactical
• D) mission; tactical, operational
• E) tactical plan; operational, mission

---

Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price, at a given moment.

Price Floors

Minimum legally allowed prices set above the equilibrium price, typically imposed by the government to ensure producers receive a fair wage.

Equilibrium Price

The cost at which the amount of a product consumers want to buy matches the amount producers are willing to sell, leading to a balanced market situation.

Price Ceilings

A government-imposed limit on how high a price is charged for a product.