A Long-Term Plan,scope and Direction of an Organisation Aimed at Achieving

question 44

Short Answer

A long-term plan,scope and direction of an organisation aimed at achieving a specific outcome is known as a ________________.

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Definitions:

Value-based Pricing

A pricing strategy that sets prices primarily based on the perceived or estimated value of a product or service to the customer, rather than on its cost of production or historical prices.

Industrial Instrument

Industrial instrument involves tools and devices designed for industrial applications, including measuring, controlling, and monitoring processes.

Preventive Maintenance

Scheduled maintenance carried out to prevent machinery or equipment from failing, aimed at minimizing unexpected breakdowns and production stoppages.

Useful Life

The estimated duration during which an asset is expected to be usable for its intended purpose.