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All else equal,as the capital stock increases,the marginal product of capital will
Long-Term Goals
Objectives or targets that are planned to be achieved over an extended period, typically over one year.
Strategic Planning
A methodical approach to imagining a preferred future, then converting this vision into general aims or targets and outlining a series of actions to reach these goals.
Operational Planning
The process of planning specific day-to-day activities and resources needed to achieve tactical objectives and support strategic goals of an organization.
Downward Flow
The transmission of information, commands, and policies from higher levels of an organization to lower levels.
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