Which Step of the Strategic Management Process Helps Identify an Organisation's

question 43

Multiple Choice

Which step of the strategic management process helps identify an organisation's resources and capabilities?

• A)Formulating strategies
• B)Doing an internal analysis
• C)Evaluating results
• D)Identifying the mission

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Definitions:

Contribution Margin

The difference between a company's sales revenue and variable costs, indicating the amount available to cover fixed costs and generate profit.

Fixed Expenses

Expenses that remain constant regardless of the amount of output or sales, including items like lease payments, wages, and insurance costs.

Net Income

The net income of a company, which is calculated by deducting all costs and taxes from its total earnings.

Break-Even Point

The production level or sales volume at which total revenues equal total expenses, resulting in no net loss or gain.