Describe the Activities Performed and Information Used by Each of the Following

question 103

Essay

Describe the activities performed and information used by each of the following levels in the management structure:
a.Strategic management
b.Tactical management
c.Operations management

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Definitions:

PQ Increase

A rise in the product of price level and quantity of goods and services produced, indicating growth in the value of economic output.

Classical Economist

An economist adhering to a school of thought originating in the late 18th and early 19th centuries, focusing on free markets, the role of self-interest, and the importance of limiting government intervention in the economy.

Interest Rates

A lender's charge to a borrower, expressed as a proportion of the principal, for accessing assets.

Supply and Demand

Economic model of price determination in a market, stating that the price of a good or service varies directly with its demand and inversely with its supply.