What Is Step 3 of the Steps for Effective Investment

question 26

Multiple Choice

What is step 3 of the steps for effective investment planning?

• A)Determine the amount of money you need to obtain your goals.
• B)Specify the amount of money you currently have available to fund your investments.
• C)List different investments that you want to evaluate.
• D)Reduce possible investments to a reasonable number.
• E)Choose at least two different investments.

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Definitions:

Externally

Refers to actions or processes that occur outside a system or entity.

Supply-Chain Strategy

The planning and management of all activities involved in sourcing, procurement, conversion, and logistics to maximize customer value and achieve a sustainable competitive advantage.

Low Cost Strategy

A competitive business approach focusing on achieving the lowest operational costs and, consequently, offering products or services at lower prices than competitors.

Response

A set of values related to rapid, flexible, and reliable performance.