Top Management Is Responsible for Developing Long-Term____________ That Make Clear

question 12

Multiple Choice

Top management is responsible for developing long-term____________ that make clear how the company will serve customers and position itself against competitors in the next two to five years.

• A) standing plans
• B) tactical plans
• C) operational plans
• D) strategic plans
• E) mission statements

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Definitions:

Shareholders

Individuals, companies, or institutions that own one or more shares of stock in a public or private corporation, thus holding partial ownership.

Synergy

The concept that the combined value and performance of two companies will be greater than the sum of the separate individual parts.

Consolidation

The process of combining multiple accounts or businesses into a single entity, often for the purpose of financial reporting or to streamline operations.

Entities

Organizations or structures that exist as a single, identifiable unit within a particular context, such as in law, business, or accounting.