A Hierarchy of Strategy Emphasizes the Need for the Three

question 31

True/False

A hierarchy of strategy emphasizes the need for the three levels of strategy to complement and support one another.

---

Definitions:

Market Value

The current quoted price at which an asset or a service can be bought or sold in a marketplace.

Retained Earnings

The portion of net income that is not distributed to shareholders and is instead reinvested in the company.

Treasury Stock

Shares of a company's own stock that it has reacquired and held in the company's treasury.

Cost Per Share

The price at which a company's shares were initially offered to the public or the current market value of a share.