Which of the Following Represents the Final Phase of the Strategic

question 60

Multiple Choice

Which of the following represents the final phase of the strategic planning process?

• A) Creating an organizational mission
• B) Formulating an organizational portfolio plan
• C) Setting organizational objectives
• D) Creating organizational strategies

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Definitions:

Consumption

The process of purchasing goods and services to fulfill the needs and wants of individuals.

Average Propensity

The ratio of total consumption to total income, indicating how much income is spent rather than saved.

Save

Setting aside money or other resources for future use or in case of emergencies.

Consume

The action of using up goods or services, thus leading to a reduction in available quantity.