For Strategic Management to Be Successful, It Is Critical That

question 7

Multiple Choice

For strategic management to be successful, it is critical that:

• A) policy and procedures are developed
• B) output and outcomes are identified
• C) middle managers and supervisors are empowered
• D) community leaders are part of the planning process

---

Definitions:

Money

A medium of exchange in the form of coins and banknotes; used to purchase goods and services or measure value and wealth.

Revenue

The income that a business earns from its normal business activities, usually from the sale of goods and services to customers.

Income

Money received, especially on a regular basis, for work or through investments.

Goods

Physical items that are produced for sale or use, ranging from commodities and raw materials to finished products.