Which of the Following Is the Best Example of a Well-Stated

question 48

Multiple Choice

Which of the following is the best example of a well-stated strategic objective?

• A) Increase revenues by more than the industry average.
• B) Be among the top five companies in the industry in customer service.
• C) Overtake key competitors on product performance or quality within three years.
• D) Improve manufacturing performance by 5 percent within 12 months.
• E) Obtain 150 new customers during the current fiscal year.

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Definitions:

True Owner

The individual or entity that has the lawful possession, title, and rights over a property or asset, regardless of any other claims.

Validly Accept

The proper agreement to an offer according to predefined rules, which results in a binding contract.

Legal Acceptance

The formal acknowledgment by the party to whom an offer has been made, agreeing to the terms of the offer, resulting in a binding contract.

True Value

An accurate assessment of an item's worth, based on its current condition and market demand.