Who Is Responsible for Creating Tactical Plans

question 111

Multiple Choice

Who is responsible for creating tactical plans?

• A)team leaders  
• B)lower-level managers  
• C)middle managers  
• D)top managers

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Definitions:

Production

The process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity of that good that suppliers are willing and able to sell, holding other factors constant.

Long Run

A period in economics in which all factors of production and costs are variable, allowing all inputs to be adjusted.

Perfectly Inelastic

A situation where demand does not change at all in response to changes in price.