A Plan That Interprets an Organizational Strategy into a Market

question 6

Multiple Choice

A plan that interprets an organizational strategy into a market or community-based opportunity for division or departmental managers is a:

• A)Tactical plan
• B)Long-term plan
• C)Business plan
• D)Standing plan

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Definitions:

Savers

Individuals or entities that set aside a portion of their disposable income, rather than using it for consumption expenditures.

Borrowers

Individuals or entities that take out loans from financial institutions or individuals, agreeing to repay them over time, typically with interest.

Speculative Motive

The intention to hold cash for the purpose of taking advantage of future changes in the value of assets, securities, or commodities.

Double Coincidence Of Wants

A situation in barter economies where two parties each have what the other wants and agree to trade directly.