Which of These Refers to the Use of Managerial Tools

question 145

Multiple Choice

Which of these refers to the use of managerial tools to direct resources toward the achievement of strategic goals?

• A) Strategy formulation
• B) Strategy coordination
• C) Strategy implementation
• D) Strategy control
• E) Strategy planning

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating costs, indicative of its profitability.

Sales Mix

The combination of different products or services that a company sells, each contributing to total sales revenue.

Break-even Point

The point at which total costs and total revenue are equal, meaning no net loss or gain is incurred by the business.

Contribution Margin Ratio

The percentage of each sales dollar that remains after variable costs have been deducted, indicating how much contributes towards fixed costs and profit.