The Process of Establishing an Organization's Major Goals and Objectives

question 36

True/False

The process of establishing an organization's major goals and objectives and allocating the resources to achieve them is called tactical planning.

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Definitions:

Antitrust Laws

Regulations designed to promote competition and prevent monopolies and other forms of market domination that could be detrimental to consumer interests.

Department of Justice

The federal executive department of the U.S. government responsible for the enforcement of the law and administration of justice.

Federal Trade Commission

A federal agency established to protect consumers and promote competition by preventing anticompetitive, deceptive, and unfair business practices.

Price-Fixing

An illegal agreement among competitors to set prices at a certain level, rather than letting them be determined naturally by supply and demand.