The Managerial Purpose of Setting Objectives Includes

question 37

Multiple Choice

The managerial purpose of setting objectives includes:

• A) converting the strategic vision into specific performance targets-results and outcomes the organization wants to achieve.
• B) using the objectives as yardsticks for tracking the company's progress and performance.
• C) challenging and helping stretch the organization to perform at its full potential and deliver the best possible results.
• D) pushing company personnel to be more inventive and to exhibit more urgency in improving the company's financial performance and business position.
• E) All of these.

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Definitions:

Supply Chain

The entire process of making and selling goods, including raw materials, manufacturing, distribution, and sale.

Ethical Decision-making

Assessing and picking options in a process that adheres to principles of morality.

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A set of controllable marketing tools (Product, Price, Place, Promotion) that a company uses to produce a desired response in the target market.

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Software programs that run on the Internet rather than being downloaded and installed on a single device.