_____ Define the Action Steps by Which an Organization Intends

question 62

Short Answer

_____ define the action steps by which an organization intends to attain its strategic goals.

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Definitions:

Efficient Allocation

The distribution of resources in a way that maximizes the net benefits to society or the economy.

Efficiency

A measure of how well resources are used to achieve a goal, minimizing waste.

Incentives

Financial or non-financial rewards offered to encourage specific behaviors or actions among individuals or organizations.

Trade

The exchange of goods or services between parties in return for other goods, services, or money.