The Process by Which Strategies and Policies Are Put into Action

question 98

Multiple Choice

The process by which strategies and policies are put into action through the development of programs,budgets,and procedures is

• A) strategy formulation.
• B) strategy control.
• C) strategy implementation.
• D) strategy development.
• E) strategy evaluation.

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Definitions:

Aggregate Supply

Aggregate supply is the total supply of goods and services that firms in a national economy plan on selling during a specific time period, under a given price level.

Aggregate Production

The total amount of goods and services produced within an economy at a given overall price level in a given period.

Aggregate Purchases

The total amount spent by consumers, businesses, and the government on goods and services within a particular period.

Unintended Inventory Investment

Occurs when a business accumulates more inventory than planned due to unexpected changes in demand or production levels.