What Are the Three Parts of Formulating the Strategic Plan

question 63

Multiple Choice

What are the three parts of formulating the strategic plan?

• A) Strategic, Tactical, and Operating
• B) Corporate, Tactical, and Operating
• C) Strategic, Business, and Operating
• D) Corporate, Business, and Operating
• E) Establishment, Tactical, and Design

---

Definitions:

Interest Expenses

Costs incurred by an entity for borrowed funds, typically reflected in the income statement.

Selling Expenses

Costs incurred directly from the selling of products or services, such as advertising and sales commissions.

Merchandising Income

The profit generated from buying and selling goods.

Net Revenue

Refers to the total amount of sales a company generates after subtracting direct returns, allowances, and discounts.