Which of the Following Is NOT a Step in the Strategic

question 59

Multiple Choice

Which of the following is NOT a step in the strategic planning process?

• A) establish the business mission
• B) define the business objectives
• C) develop the business portfolio
• D) identify the business vision
• E) evaluate all members of the supply chain

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Definitions:

Financial Statement

A written record that quantitatively describes the financial health of a company, including income statement, balance sheet, and cash flow statement among others.

Statement Of Cost Of Goods Manufactured

A financial report detailing the total production costs incurred by a company to produce goods over a specific period.

Ending Inventory

The final value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.

Cost Of Raw Materials Used

The total expense incurred by a company for the raw materials that were consumed in the production process during a specific period.