Which of the Following Steps in Formal Planning Process Is

question 75

Multiple Choice

Which of the following steps in formal planning process is the CEO performing when he debates between opening a new branch and reducing the prices?

• A)Monitoring and controlling
• B)Selecting the goals and plans
• C)Engaging in situational analysis
• D)Generating alternative goals and plans
• E)Implementing the plan

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Definitions:

Net Investment

The total spending on new capital minus the replacement of depreciated capital, indicating the actual increase in a company's or nation's capital stock.

GDP

GDP, or Gross Domestic Product, measures the total value of all goods and services produced within a country's borders over a specific time period, reflecting the size and health of its economy.

Imports

Goods and services bought by a country from foreign countries, which can range from raw materials to finished products.

Exports

are goods or services produced in one country and sold to buyers in another, representing a key component of international trade.