_____ Defines the Major Actions by Which an Organization Builds

question 50

Multiple Choice

_____ defines the major actions by which an organization builds and strengthens its competitive position in the marketplace.

• A) Corporate strategy
• B) Strategic map
• C) BCG matrix plan
• D) Situation analysis
• E) Business strategy

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Definitions:

Note Receivable

A written promise that a specified amount of money, plus potentially interest, will be paid by one party to another by a specific date.

Maker

In finance, the party that creates or issues a financial instrument, such as a check.

Principal

The original sum of money borrowed in a loan, or the original amount invested, excluding any interest or dividends.

Accounts Receivable

Money owed to a business by its clients for goods or services delivered but for which payment has not yet been received.