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Mission,goals,external Analysis,internal Analysis,and Strategic Choices Are the Five Major Components

question 57

Multiple Choice

Mission,goals,external analysis,internal analysis,and strategic choices are the five major components of the ________ process.


Definitions:

Social Institutions

Organized patterns of beliefs and behavior centered on basic social needs, such as the family, education, government, and religion.

Norms

Socially accepted rules of behavior that dictate the expected conduct of individuals within a group or society.

Scarcity

A fundamental economic problem of having seemingly limitless human wants in a world of limited resources, which leads to the necessity of making choices on how to allocate resources efficiently.

Rewarded

Pertains to receiving a benefit or compensation in return for an action or service.

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