Use the table below to answer the following questions.
Table 20.2.5
Data from Southton
-Refer to Table 20.2.5. From the data in the table, compute Southton's real GDP in the base year.
Definitions:
Long-term Direction
The strategic goals and visions set by an organization to guide its operations, development, and decision-making processes over an extended period.
Functional Strategy
A specific, detailed plan aimed at achieving objectives in a particular business area, supporting the overall business strategy.
Divisional Strategy
A strategic approach in which an organization is divided into semi-autonomous units, each focusing on a specific product line or market segment.
Corporate Strategy
The overall direction and scope of an organization over the long term, which achieves advantage in a changing environment through its configuration of resources.
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