___________ Is the Development of Plans and Decisions Which Will

question 142

Multiple Choice

___________ is the development of plans and decisions which will guide the direction of the firm and determine its long-term performance.

• A) Vision
• B) Planning
• C) Strategy
• D) Execution
• E) Tactic

Understand how changes in supply affect market equilibrium and total expenditures.

Assess the implications of elasticity on taxation and government policy.

Understand the definition and significance of genetics in the study of heredity.

Recognize the impact of genetic disorders and how some can be managed or influenced by lifestyle or diet.