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Explain the formal strategic planning process, naming each step in the process, and describing the specific activities included in each step and the relationship between the steps.
Rate Of Return
A measure of the profitability of an investment, calculated as a percentage of the original investment.
Net Value
The difference between the total benefits and total costs associated with an economic activity or transaction.
Long Run Deficit
A fiscal situation where a government consistently spends more than it earns over an extended period, leading to sustained budget deficits.
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