According to the Comprehensive Strategic-Management Model, Which Step Immediately Follows

question 89

Multiple Choice

According to the comprehensive strategic-management model, which step immediately follows the establishment of long-term objectives?

• A) Developing vision and mission statements
• B) Performing external audits
• C) Performing internal audits
• D) Generating, evaluating, and selecting strategies
• E) Measuring and evaluating performance

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Definitions:

Full Employment

A situation where all available labor resources are being used in the most economically efficient way.

Ppf (Production Possibility Frontier)

A curve depicting the maximum possible output of two goods or services that can be produced with a fixed set of resources and technology, assuming all resources are fully employed.

Consumer Goods

Products and services that are purchased by individuals for personal use or consumption rather than for resale or manufacturing.

Capital Goods

Long-term assets used by businesses to produce goods and services, such as machinery, buildings, and equipment.